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coldgirl [10]
2 years ago
8

Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a p

rice of $1,030. At this price, the bonds yield 6.14 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Business
1 answer:
PSYCHO15rus [73]2 years ago
4 0

Answer:

6.32%

Explanation:

Bonds yield amount = $1,030 × 6.14% = $63.242

Coupon rate = Bond yield amount ÷ Par value of the bond = $63.242 ÷ $1,000 = 0.063242, or 6.32%

Therefore, the coupon rate on the bonds must be 6.32%.

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The following information has been gathered for Foxmoor Industries for its fiscal year ending December 31: Estimated factory ove
lions [1.4K]

Answer:

Estimated manufacturing overhead rate= $32 per labor hour

Explanation:

Giving the following information:

The estimated factory overhead costs $ 2,496,000. Estimated labor hours 78,000.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 2496000/78000= $32 per labor hour

5 0
2 years ago
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
gizmo_the_mogwai [7]

Answer:

$27.2

Explanation:

First we have to calculate the total estimated manufacturing overheads which shall be determined as follows:

Estimated total manufacturing overheads=Variable manufacturing overhead+ Fixed manufacturing overheads

Variable manufacturing overhead=Estimated labour hours*manufacturing overhead per labour hour

                                                        =75,000*$10.70=$802,500

Fixed manufacturing overheads=$1,237,500

Estimated total manufacturing overheads=$802,50+$1,237,500

                                                                    =$2,040,000

Now we will compute the predetermined overhead rate which shall be determined using the following formula:

Predetermined overhead rate=Estimated total manufacturing overheads/Estimated labour hours

Predetermined overhead rate=$2,040,000/75,000=$27.2

3 0
2 years ago
What are the major forces that affected the Japanese yen over the years? What factors do you think are important to monitor as y
7nadin3 [17]

Answer:

A) Forces of Demand and Supply

B) Slow GDP growth

C) Level of Unemployment

D) Monetary Policies by Central Bank

Explanation:

A) Expressing the mean from the concept of laws of economics, the Yen, like the Dollar and Euro, is propelled by forces of demand and supply. The problems that effect demand and supply can directly or indirectly impact the rate of the Yen.

B) Gross Domestic Product (GDP) in economics measure or evaluate the net production and consumption of products and services within the country in a given year. It certainly gives sufficient information about the fitness of Japan’s economy and can seriously impact the Yen. That is, absence of growth usually spurs the currency to decline.

C) Level of unemployment is another crucial component that can affect the Yen. Virtually everyone who buys and sell in the different markets, especially in the foreign currency exchange, needs to the annual jobs statistical reports, which indicate the overall nature of the Japanese economy. A decrease in unemployment which is sufficiently more than forecasted by the market can have an effect on the currency resulting in currency appreciate. It important to note that in general, improvements in employment are seen as very positive within the market.

D) Monetary Policies by central bank. Most times the monetary policies of the government tend to weaken the currency. It’s for this reason that foreign currency market dealers anticipate signs on changes in monetary policy.

5 0
2 years ago
Kate holds a middle-management position with a large corporation. She prefers to involve her subordinates in decision making. Sh
PtichkaEL [24]

Answer:

Formal selection principle..

Explanation:

  • Max Weber gave 5 principles of the bureaucratic structure as the division of labor, hierarchy of authority, and the framework of rules, impersonality a formal selection.  
  • As kate is in middle management of a large organization she at the center of the hierarchy of the organization and believes that the subordinates can help in the decision making the process. This will lead to the creation of innovative ideas, reducing wastages of resources and time.
6 0
2 years ago
Comparing and contrasting sets of data in order to rank them and make a decision best defines _____.
Murrr4er [49]
Comparing and contrasting sets of data in order to rank them and make a decisions best defines as evaluation. In evaluation, you need to rank your employees for the compensation or salary increase that they will receive. The most performer will receive the biggest increase since he has done bigger.
4 0
2 years ago
Read 2 more answers
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