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lora16 [44]
2 years ago
7

You purchase a bond with an invoice price of $1,054. The bond has a coupon rate of 7.2 percent, and there are four months to the

next semiannual coupon date. The bond has a par value of $1,000.
What is the clean price of the bond?
Business
1 answer:
snow_lady [41]2 years ago
8 0

Answer:

$1,042

Explanation:

The computation of the clean price of the bond is shown below:-

Coupon payment = Coupon percentage × Par value ÷ Semi-annually

= 7.2% × $1,000 ÷ 2

= $36

Accrued interest = Coupon payment ÷ 6 × 2

= $36 ÷ 6 × 2

= $12

Clean price of the bond = Invoice price - Accrued interest

= $1,054 - $12

= $1,042

We simply deduct the accrued interest from the invoice price so that the clean price of the bond could come

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Answer:

Orange Co.'s budget will include the cost of production, which is made up of raw materials, direct labor, and manufacturing overhead.  The above cost of production and the accompanying items will not be found in the budget of Pineapple Company.  The latter's budget will focus on purchase of goods for sale (instead of raw materials) and inventories of finished goods (instead of raw materials and work in process).  Orange Co. determines its product cost per unit from the cost of production divided by the quantity produced.  Pineapple Company's product cost is based on the purchase price of goods, which includes the manufacturer's profit.

Explanation:

The operations and accounting for the cost of production of Orange Co. will be different from Pineapple Company's.  The difference is a reflection of their statuses as manufacturer and merchandiser respectively.  Orange Co. manufactures and sells goods while Pineapple Company sell manufactured goods.

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2 years ago
How might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could th
Tomtit [17]

Answer:

1. Owners of diminutive businesses located nearby.

As Wal-Mart offers comparatively low prices for the products, more and more customers will be magnetized to it and hence the minuscule businesses can lose their customers. But the overall business of the local area will increment as more people will come to buy in the Wal-Mart, after shopping in the Wal-Mart, they can stop for victualing street-aliment or do some street shopping or take some accommodations from street like shoe-polishing and all. Due to the Wal-Mart in the area, there will be demand for genuine estate as people will ask for the house near Wal-Mart.

2. Town denizens and denizens of nearby towns.

Town denizens will be ecstatic as they can find most of the things they optate under one roof. Due to this, they can preserve their time and mazuma. But there can be negative effects on environment, as so many trees are being cut to build a building and parking space. There can be incremented noise and air pollution due to the customers’ conveyances. Town denizens fear that there can be a sexual discrimination while giving employment and salaries.

Explanation:

Hope this helps

4 0
2 years ago
You are traveling to a business meeting and because you are not familiar with the area, you take a taxi from the hotel to the me
Ipatiy [6.2K]

Answer:

Yes you have violated ethical standards

Explanation:

The companie's policy is that all expenses must be reported. The taxi fare plus the tip were just $10 but you intend to report $20.

The company policy of not having to give receipt of amounts less than $25 is being manipulated to extort money from the company.

You were involved in a unethical practice where transport fare is reported as $20 instead of $10 for personal gain of the extra $10.

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2 years ago
As the Board of Governors of the American Red Cross considers planning, one option is to make strategic plans and then direct ma
frutty [35]

Answer:

The answers are:

  • When managers come up with their own plans, they are likely to be more committed to following through on them.
  • The environment is a dynamic one, and department and front line managers can come up with more responsive plans than can central leadership.

Explanation:

Personally I consider a very good idea if the Board of Governors decides to hire planning specialists to help regional or local managers develop their own plans. There are several advantages with this approach:

Regional managers know their "markets" and how to act and deal with them. I guess most of the Board of Governors is made up of wealthy or very important members, and many times their reality is very different than that of normal regular people.

Also, if regional managers can come up with their own plans, they will be extremely motivated to follow them through. They know that if something goes wrong, all the fingers will blame them.

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When only one party to a contract is mistaken about a material fact that is the subject matter of the contract, that party will
Genrish500 [490]
It would be a. hope that helps
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2 years ago
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