Answer:
$936.17
Explanation:
The current market price of the bond = present value of all coupon received + present value of face value on maturity date
The discount rate in all calculation is YTM (6.12%), and its semiannual rate is 3.06%
Coupon to received semiannual = 5.3%/2*$1000= $26.5
We can either calculate PV manually or use formula PV in excel to calculate present value:
<u>Manually:</u>
PV of all coupon received semiannual = 26.5/(1+3.06)^1 + 26.5/(1+3.06)^2....+ 26.5/(1+3.06)^24 = $445.9
PV of of face value on maturity date = 1000/(1+6.12%)^12 = $490.27
<u>In excel:</u>
PV of all coupon received semiannual = PV(3.06%,24,-$26.5) = $445.9
PV of of face value on maturity date = PV(6.12%,12,-$1000) = 1000/(1+6.12%)^12 = $490.27
The current market price of the bond = $445.9 + $490.27 = $936.17
Please excel calculation attached
Answer:
B. Raw Materials
Explanation:
Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity. Raw Materials are used in the production of a finished products (such as Crude
Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas Petrol, Yogurt and Garment are the finished products).
Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.
Answer is B. Raw Materials
<span>She is to invest $150,000 in the low risk found at 9%
She is to invest $50,000 in the high risk found at 13%
Let x = money invested at 9%
Let y = money invested at 13%
x+y = 200000
.09x + .13 y = 20000
since
x = 200000-y
then
.09(200000-y) +.13y = 20000
18000-.09y+.13y = 20000
.04 y = 20000
y = 50000
then
x = 200,000-50000 =150000</span>
Answer:
Amaro Company
Trial Balance
June 30, 2020
Debit Credit
Cash $ 5800 $
Accounts Receivable $ 3000 $
Equipment $17,000 $
Accounts Payable $ $ 8100
Cleland, Capital $ $
15,000
Cleland, Drawing $ 1200 $
Service Revenue $ $
10,000
Salaries Exp $5100 $
<u>Rent Expense $ 1000 $ </u>
<u> Total </u><u> $ 33,100 $ 33,100</u>
Trial balance is a list of all ledger accounts and cash book.
It can be prepared any time during the accounting period.
The debit and credit side of the trial balance are equal.
Expenses are debited . Drawing is an expense therefore it is debited.
