All categories

1 year ago

Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of

Business

1 answer:

miss Akunina [59]1 year ago

8 0

Answer:

19.05%

Explanation:

the approximate yield to maturity (YTM) formula is:

approximate YTM = {C + [(FV - PV) / n]} / [(FV + PV) / 2]

C = coupon payment = $130
FV = face value or value at maturity = $1,000
PV = present value or current market value = $690
n = 10 years

approximate YTM = {$130 + [($1,000 - $690) / 10]} / [($1,000 + $690) / 2] = ($130 + $31) / $845 = $161 / $845 = 0.1905 or 19.05%

You might be interested in

If average annual income for all workers is $37,000 and a person with a bachelor’s degree can expect to earn 32 percent more tha

lukranit [14]

Answer:

$48,840.00

Explanation:

If the average income is $37,000

A graduate expects to earn 32% above average.

The graduate will earn $37,000 +( 32% of $37,000)

=$37,000 +(32/100 + 37,000)

=$37,000 + $11,840.00

= $48,840.00

4 0

1 year ago

Mission Foods produces two flavors of tacos, chicken, and fish, with the following characteristics:

postnew [5]

Answer:

1. $858,000

2. Chicken = 24,000 units and Fish = 36,000 units

Explanation:

The computation is shown below:

1. The anticipated level of profits for the expected sales volumes is

= Expected sales of chicken × (Selling price per taco - Variable cost per taco) + Expected sales of fish × (Selling price per taco - Variable cost per taco) - total fixed cost

= 200,000 × ($3 - $1.50) + 300,000 × ($4.50 - $2.25) - $117,000

= $300,000 + $675,000 - $117,000

= $858,000

2. The break even volume is

Let we assume the sale units be X

So, total units sold for chicken = 40X

And, for the fish it is = 60X

Sale units of chicken × (Selling price per taco - Variable cost per taco) + Sale units of chicken × (Selling price per taco - Variable cost per taco) = Total Fixed cost

0.40X × (3 – 1.50) + 0.60X × (4.50 – 2.25) = $117,000

0.60X + 1.35X = $117,000

1.95X = $117,000

So, the X is 60,000 units

So for chicken it is 60,000 × 40% = 24,000 units

And for fish it is 60,000 × 60% = 36,000 units

7 0

2 years ago

Let's say that you choose to buy bread in a grocery store. According to the marginal benefit and marginal cost principle, how ma

snow_lady [41]

Six is your answer because if it cost $2.00 and you have 4 it makes sense

8 0

1 year ago

People’s experiences can aid them in their careers. Experiences are best described as

juin [17]

Answer:

Experiences is best described as the collection of things a person has done.

Explanation:

Experience is knowledge in a particular job or activity that you have gained because you have done that job or activity for a long time.

So, people's experiences can aid them in their careers, since it gives knowledge and skills gained trough time and doing a particular task.

8 0

2 years ago

Read 2 more answers

Explain the role of cognitive shortcomings in the WorldCom fraud and how social and organizational pressures influenced Betty Vi

bulgar [2K]

Answer: Ethical Obligations and Decision-Making in Accounting-The Heading is devoted to helping students cultivate the ethical commitment needed to ensure that their work meets the highest standards of integrity, independence, and objectivity.

* This program is designed to provide instructors with the flexibility and pedagogical effectiveness, and includes numerous features designed to make both learning and teaching easier.

Explanation: The first, addressed in Part I, is the administrative cost of deregulation, which has grown substantially under the Telecommunications Act of 1996.Part II addresses the consequences of the FCC's use of a competitor-welfare standard when formulating its policies for local competition, rather than a consumer-welfare standard. I evaluate the reported features of the FCC's decision in its Triennial Review. Press releases and statements concerning that decision suggest that the FCC may have finally embraced a consumer-welfare approach to mandatory unbundling at TELRIC prices. The haphazard administrative process surrounding the FCC's decision, however, increases the likelihood of reversal on appeal.Beginning in Part III, I address at greater length the WorldCom fraud and bankruptcy. I offer an early assessment of the harm to the telecommunications industry from WorldCom's fraud and bankruptcy. I explain how WorldCom's misconduct caused collateral damage to other telecommunications firms, government, workers, and the capital markets. WorldCom's false Internet traffic reports and accounting fraud encouraged overinvestment in long-distance capacity and Internet backbone capacity. Because Internet traffic data are proprietary and WorldCom dominated Internet backbone services, and because WorldCom was subject to regulatory oversight, it was reasonable for rival carriers to believe WorldCom's misrepresentation of Internet traffic growth. Event study analysis suggests that the harm to rival carriers and telecommunications equipment manufacturers from WorldCom's restatement of earnings was $7.8 billion. WorldCom's false or fraudulent statements also supplied state and federal governments with incorrect information essential to the formulation of telecommunication policy. State and federal governments, courts, and regulatory commissions would thus be justified in applying extreme skepticism to future representations made by WorldCom.Part IV explains how WorldCom's fraud and bankruptcy may have been intended to harm competition, and in the future may do so, by inducing exit (or forfeiture of market share) by the company's rivals. WorldCom repeatedly deceived investors, competitors, and regulators with false statements about its Internet traffic projections and financial performance. At a minimum, WorldCom's fraudulent or false

6 0

1 year ago