Two years ago, the price of a bond was 928.83 dollars, and one year ago, the price of the bond was 974.8 dollars. Over the past year, the bond paid a total of 73.23 dollars in coupon payments, which were just paid. If the bond is currently priced at 953.48 dollars then what was the rate of return for the bond over the past year (from 1 year ago to today)? The par value of the bond is 1,000 dollars. Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
Answers
The rate of return for the bond over the past year is approximately -0.0259, or -2.59%. The negative sign indicates a decrease in value.
To calculate the rate of return, we need to consider the change in price and coupon payments. The initial price of the bond two years ago was $928.83, and one year ago, it was $974.8. The coupon payments received over the past year amount to $73.23.
First, we need to calculate the change in price, which is the difference between the current price ($953.48) and the price one year ago ($974.8). This gives us a change of -$21.32.
Next, we add the coupon payments received ($73.23) to the change in price. The sum of -$21.32 and $73.23 is $51.91.
To find the rate of return, we divide the sum ($51.91) by the initial price two years ago ($928.83) and express it as a decimal. The result is approximately -0.0259, or -2.59%. The negative sign indicates a decrease in value over the past year.
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Related Questions
If the public decides to hold more currency and fewer deposits in banks, bank reserves a. decrease and the money supply eventually decreases. b. increase but the money supply does not change. c. decrease but the money supply does not change.
Answers
If the public holds money, supply does not change, however, bank reverse will decrease, option C is correct.
What is Money Supply?In simple terms, it can be defined as the total amount or volume of money in public or the volume of money in possession of the public.
When the bank holds a large amount of money than the public, the money in circulation will decrease.
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the june 30, 2024, year-end trial balance for askew company contained the following information: account debit credit inventory, 7/1/2023 $ 33,700 sales revenue $ 397,000 sales returns 13,700 purchases 257,000 purchase discounts 7,700 purchase returns 11,700 freight-in 20,400 in addition, you determine that the june 30, 2024, inventory balance is $41,700. required: calculate the cost of goods sold for the askew company for the year ending june 30, 2024.
Answers
The cost of goods sold for the Askew Company for the year ending June 30, 2024, is equal to $250000.
There are many expenses incurring during the production of goods in a company. The expenses include the inventory cost, Net purchases, Security costs, etc. Now, the formula for calculating the costs of goods will be given by
Cost of goods sold = Beginning Inventory + Net purchases - Ending Inventory
According to the question the Beginning Inventory is equal to $33700, the Net purchases = ($257000 - $7700 - $11700 + $20400) = $258000 and the Ending Inventory = $41700
Putting the values in formula we get
Cost of goods sold = $33700 + $258000 - $41700
Cost of goods sold = $250000 which is the required amount.
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with an increase in abstract, idealistic, and logical reasoning, adolescents demonstrate an increase in _______ behaviors.
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With an increase in abstract, idealistic, and logical reasoning, adolescents demonstrate an increase in prosocial behaviors. Prosocial behaviors refer to actions and behaviors that are intended to benefit others or society as a whole, rather than focusing solely on one's self-interest.
During adolescence, individuals undergo significant cognitive and socioemotional development, which includes the advancement of abstract and logical thinking. As adolescents develop the ability to think hypothetically and consider multiple perspectives, they also start to demonstrate an increased capacity for empathy, moral reasoning, and understanding of social norms.
This cognitive growth and maturation contribute to the development of prosocial behaviors, which are actions intended to benefit others or society as a whole. Adolescents become more capable of understanding the consequences of their actions and recognizing the importance of cooperation, empathy, and moral values. They may engage in behaviors such as volunteering, helping others, displaying empathy, and demonstrating acts of kindness.
It is important to note that while many adolescents exhibit an increase in prosocial behaviors, individual differences exist, and external factors such as cultural influences and socialization play a role in shaping behavior during this developmental stage.
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what actions can congress and the president take to move the economy back to potential gdp?
Answers
Congress and the president can take steps to get the economy back to potential GDP by raising spending or cutting taxes.
How does the government employ fiscal policy to maintain economic stability?Governments may prioritize macroeconomic stabilization in the short term by, for instance, increasing spending or lowering taxes to boost a flagging economy or reducing expenditure or raising taxes to fight rising inflation or lessen external vulnerabilities.
What strategy is employed to balance the economy?Government fiscal policy is the opposite of monetary policy in that it uses taxes and spending to affect the amount of economic activity. It can be applied in an effort to close a recessionary or inflationary gap, just as monetary policy.
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"Qualitative manpower is the most valuable asset of an organization."
Answers
The manpower of an organization can be referred to as its employees or workforce.
Qualitative manpower is the most valuable asset of an organization because it contributes to the success of the organization in several ways. This essay will explore the importance of qualitative manpower as an asset to an organization. Qualitative manpower is the workforce that has the necessary skills, experience, and knowledge to contribute to the growth and success of an organization. Employees that possess these skills and experience bring a wealth of knowledge to the organization and can help in decision-making and problem-solving.
They also contribute to a positive work environment where teamwork and collaboration are encouraged. The overall morale of the organization is boosted by these skilled employees, which, in turn, leads to increased productivity and profitability. The training and development of the employees also contribute to the qualitative manpower of an organization. A well-trained workforce leads to better job performance, fewer accidents, and a reduction in the rate of employee turnover.
Qualitative manpower also attracts the attention of potential customers, investors, and other stakeholders of the organization. This is because they see the employees as knowledgeable and skilled, and this reflects well on the organization. Qualitative manpower also enhances the reputation of the organization and can make it stand out in the market.
To sum it up, qualitative manpower is an essential asset to any organization. They contribute to the growth and success of the organization in various ways, including decision-making, problem-solving, and a positive work environment. The training and development of employees also contribute to qualitative manpower, which leads to increased productivity and profitability. Qualitative manpower can also attract potential customers, investors, and other stakeholders, leading to increased revenue and profitability.
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Qualitative manpower is the most valuable asset of an organization.justify
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companies use blogs for all of the following reasons except
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Companies use blogs for all of the following reasons except for Option B. conducting job interviews.
This is because job interviews are usually conducted through in-person meetings, video conferencing, or phone calls. A blog is a website that is regularly updated with new content, such as articles, videos, and images. Blogs are typically maintained by individuals or organizations to express their opinions, share knowledge, and promote their products or services. Blogs can be personal, professional, or commercial in nature, depending on the purpose for which they are created.
Companies use blogs for a variety of reasons, including the following:
Communicating Internally with Employees: Blogs are often used by companies to communicate with their employees about important updates, company news, and events.
Recruiting: Blogs are used by companies to attract potential candidates for job vacancies and to share information about the company culture and values.
Researching Target Markets and Products: Blogs are used by companies to research their target markets and products, as they can provide insights into what consumers are looking for and what their preferences are. They can also be used to conduct surveys and collect feedback from readers.
Sharing Knowledge and Expertise: Companies use blogs to share their knowledge and expertise with their target audience, which can help to establish their credibility and authority in their industry. This can lead to increased brand recognition and customer loyalty.
In conclusion, companies use blogs for various reasons, including internal communication, recruiting, researching target markets and products, and sharing knowledge and expertise. However, they do not use blogs for conducting job interviews. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Companies use blogs for all of the following reasons except
A)communicating internally with employees.
B)conducting job interviews.
C)recruiting.
D)researching target markets and products.
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Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..
A. AFP and AMA
B. AFP and ACS
C. AMA and AIA
D. AIA and ACS
Answers
Michael works as a financial advisor in a health practitioner's office. the 2 agencies that Michael maximum possibly belongs to are the: A. AFP and AMA
A monetary adviser or financial advisor is a professional who offers economic services to clients based totally on their monetary state of affairs. In many nations, financial advisors should whole precise education and are registered with a regulatory body in an effort to provide advice.
A financial advisor is a professional who's paid to offer financial recommendations to customers. simply as you would hire an architect to create a plan for your house, you hire a financial marketing consultant to create a plan for your budget. it is all about paying a person for the know-how you need to reach unique goals.
A monetary guide will now not simplest set you up financially. they could help make choices on the most important existence adjustments like how tons maternity go away can you have the funds to take while having a child. They also can help maintain you on target financially while lifestyles throw you curve balls which include redundancy.
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Your mom gets paid on the 15th of every month, but she’s running low on cash. Your brother’s birthday is coming up on the 10th and she needs to buy him a few more gifts. Should your mom use her debit card or credit card in this situation? explain
Answers
Answer:
The mom should use the debit card and get for him what she can cause If she doesn't have enough she is going too need to pay the government the money she took out
The mother should use the debit card and get for him what she can cause if she doesn't have enough she is going to need to pay the government the money she took out.
What is a debit card?A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term plastic card includes the above and as an identity document. These are similar to a credit card, but unlike a credit card, the money for the purchase must be in the cardholder's bank account at the time of purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase.
Some debit cards carry a stored value with which a payment is made, but most relay a message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the payment card number is assigned exclusively for use on the Internet and there is no physical card.
This is referred to as a virtual card.
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I need two answers please by 2pm today.
Are you motivated more by intrinsic rewards (satisfaction, sense of accomplishment, etc.) or by extrinsic rewards (money, bonuses, etc.)?
Answers
Intrinsic rewards can be more satisfying to a worker than extrinsic ones, because internal motivation is something natural that does not depend on external stimuli.
How does an employee get motivated?There is a set of characteristics that helps in motivation in the work environment. Intrinsic rewards correspond to job satisfaction. To be achieved, the employee needs to feel valued and fulfilled with their responsibilities at work.
Extrinsic rewards are related to external motivations, such as a good salary and bonuses.
Therefore, motivation is essential in the workplace, as it stimulates employee productivity, satisfaction and integration.
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Question 5 of 10
For accountants, which of the following is the most important consequence
of the unethical use of technology?
A. the threat to the reliability of accounting systems
OB. the direct and indirect loss of revenue
C. the possibility that privacy will be compromised
D. the loss of trust in the accounting profession
SUBMIT
Answers
The most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
What are accounting systems?Accounting systems are described as the controls, procedures, and processes in accounting. The main purpose of accounting systems is to make a summary and record the different business transactions in a way that will allow the creation of reports, and enhance operations.
If the accountants are unethically using technology, then it will directly impact the accounting processes, and transaction records of businesses, and the financial report will produce erroneous results and will highly degrade the decision-making process.
It can be concluded that the most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
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Answer: The loss of trust in the accounting profession
Explanation: believed the other person aaaannnnnddddd got it wrong
three types of entrepreneurial opportunities in soweto ?
Answers
There are three main types of entrepreneurial opportunities in Soweto, which include starting a small business, franchising, and offering services.
Firstly, starting a small business is a popular entrepreneurial opportunity in Soweto. Many people have identified a gap in the market and started businesses such as food stalls, grocery stores, and beauty salons. These businesses cater to the needs of the community and provide a source of income for the owner.
Secondly, franchising is another option for entrepreneurs in Soweto. Franchises such as fast-food chains and retail stores have been successful in the area due to the high demand for convenience and affordable products. Franchising allows entrepreneurs to invest in an already established brand with a proven business model.
Finally, offering services such as laundry services, car washes, and cleaning services are also popular entrepreneurial opportunities in Soweto. These services cater to the needs of busy individuals who do not have the time or resources to complete these tasks themselves.
In conclusion, starting a small business, franchising, and offering services are three main types of entrepreneurial opportunities in Soweto. These opportunities provide a source of income for individuals and contribute to the growth and development of the local economy.
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which of the following best describes the roles of women in the rural, agricultural economies of sub-saharan africa? responses salaried workers in large-scale commercial agriculture salaried workers in large-scale commercial agriculture nonwage workers on small, family-run farms nonwage workers on small, family-run farms hourly workers in seasonal migratory farm work hourly workers in seasonal migratory farm work landowners of export-oriented farms landowners of export-oriented farms drivers and operators of agricultural equipment
Answers
The roles of women in the rural, agricultural economy of sub-Saharan Africa vary depending on the specific context and region. However, generally speaking, women tend to be non-wage workers on small, family-run farms.
They are responsible for a wide range of tasks, including planting, weeding, harvesting, and processing crops. Additionally, women often play a critical role in maintaining livestock and managing household resources.
While some women may work as salaried workers in large-scale commercial agriculture or as hourly workers in seasonal migratory farm work, these opportunities are relatively rare. Similarly, while some women may be landowners of export-oriented farms or drivers and operators of agricultural equipment, these positions are typically dominated by men.
Overall, women in rural, agricultural economies in sub-Saharan Africa face significant challenges, including limited access to education, financial resources, and markets. However, despite these challenges, women continue to play a vital role in sustaining their communities and driving economic development. As such, efforts to support and empower women in agriculture are critical for promoting sustainable, equitable development in the region.
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1-) What limitations exist on the deductibility of executive compensation? 2-) Do they apply to all business entities?3-) Are there any exceptions to the limitations? Explain.4-) From a tax perspective, explain the advantages and disadvantages of the partnership form of business. What are the differences among limited liability partnership (LLP), limited partnership (LP), and general partnership?5-) A taxpayer contributes $1,000 into a limited partnership. At the end of the partnership tax year, the taxpayer's pro-rata share of the loss is $2,000. Ignoring passive activity rules, what is the taxpayer's at risk amount? Explain.
Answers
1) The CEO and the top four highly compensated officers can only receive deductible compensation of $1 million per year.
2) It pertains to:
Covered worker for a publicly traded companyCompensation paid by specific health insurance companies that is greater than $500,000.The annual cap for covered executives of financial institutions that took part in the Troubled Asset Relief Program (TARP) is set at $500,000.3) Exemptions from restrictions: Compensation postponed under a poorly qualified postponed compensation plan is an exception to the $1 million deductibility cap; the surety exception is what draws the most attention.
4) Benefits from a tax perspective: Unlike corporations, relationships and partnership firms are not required to file separate income tax returns. Returns must be filed by partners.
Disadvantages:
Each partner is individually responsible for the debts and obligations of the business.A overall partnership is an arrangement in which two or more people share equally in the business's profits and liabilities.A verbal or formal agreement is possible.Here, all partners are involved in the day-to-day operations of the company.
5) The taxpayer's loss will only be accepted up to the amount of the capital contribution; any excess loss will not be accepted.
Amount of tax payers at risk = 2000 - 1000 = $1000
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Using the midpoint method, the price elasticity of demand for corn between the prices of $10 and $8 per bushel is , which means demand is between these two points. Therefore, you would tell the grower that her claim is , because total revenue will as a result of the spell of good weather.
Answers
Answer and Explanation:
The computation is shown below:
Price elasticity of demand is
= (Q2 - Q1 ÷ {(Q2 + Q1) ÷ 2}) × {(P2 - P1 ÷ 2) ÷ (P2 + P1)}
where,
Q2 = 30
Q1 = 25
P2 = $10
P1 = $8
Now put these values to the above formula
So, the price elasticity of demand is 0.82
So, Demand is inelastic.
Her claim is correct.
So, the total revenue will Decrease.
Total revenue at the time of prior smell of good weather
= 10 × 25
= 250
And, the Total revenue at the time of after smell of good weather
= 8 × 30
= 240
Therefore, you would tell the grower that her claim is correct because total revenue will decrease as a result of the spell of good weather.
Based on the complete question, it should be noted that the price elasticity of demand is 0.82. in this case, since the price elasticity of demand is less than 1, it's an inelastic demand.
Also, it implies that her claim is correct. The total revenue from the information given will then be:
= 10 × 25 = 250 and 8 × 30 = 240.
Therefore, there's a decrease in revenue.
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How are scarcity and the laws of supply and demand connected?
Answers
Answer:
Scarcity and supply and demand are connected because they determine how much the product costs. First of all, scarcity describes supply. If a product is scarce and demand is high, the supplier would raise the costs for the product, but if there is plenty of supply, and low demand, the supplier would decrease the costs.
T/F? Given an optimistic economic and stock-market outlook for a country, the investor should underweight the allocation to this country in his/her portfolio.
Answers
The given statement “Given an optimistic economic and stock-market outlook for a country, the investor should underweight the allocation to this country in his/her portfolio” is false.
An optimistic economic and stock-market outlook for a country would typically indicate positive expectations for the country's economy and stock market performance, which could potentially lead to higher returns on investment
In such a scenario, an investor may consider overweighting, rather than underweighting, the allocation to this country in their portfolio. Overweighting means allocating a higher percentage of the portfolio to a particular investment or asset class compared to its benchmark or target allocation.
However, it's important to note that investment decisions should be based on a comprehensive analysis of various factors, including the investor's financial goals, risk tolerance, and diversification strategy, rather than solely relying on economic and stock market outlooks.
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Alpha Company manufactures Product P and sells it in packs of 10 units. The actual results for the first week in January are as follows: Actual production 25,000 packs of Product P Actual cost of raw material Q 95,500 units at $0.85 Actual cost of labor 500 hours at $6.25 Standard quantity of raw material 96,000 units for 25,000 units of Product P Standard price of raw material Q $0.77 Calculate the total material variance for Product P for the first week in January
Answers
Answer:\(67500\)
The right solution is "13,675 U".
Explanation:
According to the question,
The standard material cost will be:
= \(25000\times (\frac{90000}{30000} )\times 0.90\)
= \(25000\times 30000\times 0.90\)
= \(67,500\)
The actual material cost will be:
= \(95500\times 0.85\)
= \(81,175\)
hence,
The total material price variance will be:
= \(Actual \ cost - Standard \ cost\)
= \(81175-67500\)
= $\(13,675\) (Unfavorable)
price plays only a small role in creating customer value and building customer relationships.
T/F
Answers
False. Price plays a significant role in creating customer value and building customer relationships.
While other factors such as quality, convenience, and customer service also contribute to customer satisfaction, price is often a determining factor in a customer's decision to purchase a product or service. Customers may perceive higher prices as an indicator of better quality or value, while lower prices may signal a lack of quality or reliability. Additionally, offering competitive pricing and promotions can help to attract and retain customers, leading to stronger relationships and increased customer loyalty.
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what is one major advantage of creating a division of labor?
Answers
Division of Labor's Benefits Many of the benefits of dividing labor in the workplace are self-evident. Saving time is one of them. Assigning tasks to each employee that are best suited to her abilities. Productivity is rising. For the tasks at hand, you only need one set of tools rather than many.
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Which of the following describes how the U.S. government protects and supports farmers and ranchers?
through establishing and maintaining food standards
through programs that provide direct payments
through allowing agribusiness companies to create oligopolies
through strict measures of qualis for commodities
first one to get it right gets Brainliest
Answers
Answer:
through allowing agribusiness companies to create oligopolies
Explanation:
Answer:
through programs that provide direct payments
Explanation:
The United States government gives free money to farmers and ranchers through a government subsidiary.
May you help me with this business question I and very struggling
Answers
Answer:
availability of direct deposit
Dylan invested $7,200 in an account paying an interest rate of 2. 3% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 12 years?.
Answers
The future value of the investment after 12 years will be $9,481.
What is future value?The future value of an investment is its value at a future date. It is obtained by multiplying the present value of an asset by its growth rate raised to the number of periods for the investment.
We can compute the future value of an asset with this model:
FV = PV(1+r)^n
where:
FV = future value
PV = present value
r = annual interest rate
n = number of periods interest held
We can also compute the future value by inputting the variables on an online financial calculator as follows:
Data and Calculations:Investment amount = $7,200
Compound interest rate = 2.3% quarterly
Period of investment = 12 years
N (# of periods) = 48 (12 x 4)
I/Y (Interest per year) = 2.3%
PV (Present Value) = $7,200
PMT (Periodic Payment) = $0
Results:
FV = $9,481.01
Total Interest $2,281.01
Thus, the future value of the investment after 12 years will be $9,481.
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at rightway industries, new hires spend a significant portion of their first week of training just walking around the factory, observing other workers, and watching them get rewarded for doing their jobs well. this is an example of . a. self-reinforcement b. vicarious learning c. self-efficacy d. delegation e. experiential learning
Answers
The correct answer is b. vicarious learning.
Vicarious learning is a type of observational learning where individuals learn by observing the behavior of others and the consequences of that behavior.
In this scenario, new hires are walking around the factory and observing other workers.
They are also witnessing these workers being rewarded for doing their jobs well. By observing these positive outcomes, the new hires are likely to learn and adopt similar behaviors, expecting similar rewards for their own performance.
This form of learning allows individuals to learn without directly experiencing the consequences themselves.
Instead, they learn through observing and imitating the behaviors of others.
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Which starbucks stores are participating in free red cup?
Answers
The Seattle-based coffee chain is giving away free limited-edition reusable red cups Thursday to customers who order a handcrafted holiday or fall beverage at participating U.S. stores, while supplies last. This year's reusable cup is made with 50% recycled content to honor the chain's 50th anniversary, Starbucks said.
A consulting company won a $20.8 million three-year contract. The contract requires software development, hosting, and maintenance over three years. The total estimated cost of the project is $17 million, with $10 million expected in Year 1, $5 million in Year 2, and $2 million in Year 3. The billing schedule shows that $5 million will be billed upon start of the work, and then $5 million at each year end. At the end of the first year, the actual cost incurred is $9 million, and total estimated costs are unchanged at $17 million. Using the percentage-of-completion method, how much revenue should be recognized at the end of the first year
Answers
Answer:17%
Explanation: I just want points
Mat Rollins, CEO of Rollins, Inc., decided that upon his retirement, he would elect his son Chris to become the new CEO. Mat thought it would be a good idea to have Chris shadow him at work to understand the roles and responsibilities of a CEO. Chris shadowed his father for months in order to learn every aspect of the business. Mat knew that the best way for Chris to learn was to actually perform some of the tasks he did on a daily basis, rather than simply describe them. The company generally focused on short-term financing, and Mat felt that it was important for Chris to understand the different types of financing. Chris learned about the type of bonds that the company usually offered to raise capital. These bonds allow the purchasers of the bond to keep them until maturity. Chris also learned the process of obtaining bonds and the various types of long-term financing methods. Job shadowing was indeed a worthwhile experience for Chris. Refer to Rollins, Inc. If Chris has learned and understood the business, he should know that today most corporate bonds are
Answers
Answer: registered bonds
Explanation:
A corporate bond refers to a bond which is issued by a corporation so as to raise financing for its ongoing operations, or the expansion of its business.
Corporations typically sell bonds when there's no enough fund for purchases, and when there is difficulty in selling stock. Based on the information given in the question, if Chris has learned and understood the business, he should know that today most corporate bonds are registered bonds.
Based upon past experience, Barry expects no overdrafts. He expects no 2nd copies of statements. Barry estimates that he will use network ATMs about 5 times a month with either bank. Barry decides in the end to choose EECU. Assuming that both banks provide the necessary services equally well, and based upon the tables of fees given above, how much can Barry reasonably expect to save annually by choosing EECU in this case over E-town bank
Answers
Answer:B
Explanation:
Is it better to have your interest compounded annually, quarterly, or daily? Why?
(10 points: 5 for the correct answer, and 5 for the explanation)
Answers
Answer:
It would be better to have it daily so you can keep an everyday record.
Explanation:
Consider the following probability mass function for X, where x = 0, 1, 2: p(0) = (1-a)² p(1) = 2a(1 - a) p(2) = a² Develop the moment generating function for X, where a is a constant and 0 < a < 1. Using the moment generating function only, determine the mean of X. O a O 2a O 2(1 - a) O a/2
Answers
The moment generating function (MGF) for a discrete random variable X is defined as MGF(t) = E[e^(tX)], where t is the argument and E denotes the expected value.
To find the moment generating function for X, we can use the given probability mass function:
MGF(t) = E[e^(tX)] = Σ(e^(tx) * p(x)), for all possible values of x
Plugging in the values from the probability mass function:
MGF(t) = e^(t*0) * p(0) + e^(t*1) * p(1) + e^(t*2) * p(2)
= p(0) + e^t * p(1) + e^(2t) * p(2)
= (1-a)² + e^t * 2a(1-a) + e^(2t) * a²
Now, to determine the mean of X using the moment generating function, we differentiate the MGF with respect to t and evaluate it at t=0:
Mean of X = E[X] = d(MGF(t))/dt | t=0
Differentiating the MGF:
d(MGF(t))/dt = 0 + e^t * 2a(1-a) + 2e^(2t) * a²
Evaluating at t=0:
Mean of X = E[X] = d(MGF(t))/dt | t=0 = 0 + e^0 * 2a(1-a) + 2e^(2*0) * a²
= 2a(1-a) + 2a²
= 2a - 2a² + 2a²
= 2a
Therefore, the mean of X is 2a.
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Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold
Answers
Complete question :
Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold.
Determine the depletion rate. Determine the amount of depletion expense for the current year. Journalize the adjusting entry to recognize the depletion expense..
Answer: 1) $16 ; $32,800,000
Explanation:
Given the following :
Cost of mineral right = $729,600,000
Estimated deposit = 45,600,000 tons
Quantity sold mined and sold during current year = 2,050,000 tons
Depletion rate :
Cost of mineral right / Estimated volume of deposit
= $729,600,000 / 45,600,000
= $16
B) depletion expense for current year:
Depletion rate × quantity sold and mined in current year
$16 × 2,050,000
= $32,800,000
C.) Depletion expense - - - 32,800,000
Accumulated depletion - - 32,800,00