To determine if the new plan is valid, let's compare the actual results of December with the flexible budget based on Andrew's proposed changes.
First, we need to calculate the per unit amounts for sales commissions and advertising expenses based on Andrew's plan:
Sales commissions: $34.00 per unit
Advertising expense: $8.50 per unit
Next, we can calculate the flexible budget amounts by multiplying the per unit amounts by the actual sales in units for December:
Sales commissions: $34.00 * 5,400 units = $183,600
Advertising expense: $8.50 * 5,400 units = $45,900
Now, let's compare the actual results with the flexible budget:
Variable expenses:
- Sales commissions: Actual - Flexible budget = $176,900 - $183,600 = $-6,700 (Unfavorable)
- Advertising expense: Actual - Flexible budget = $44,000 - $45,900 = $-1,900 (Unfavorable)
- Travel expense: Actual - Flexible budget = $230,000 - $230,000 = $0 (Neither favorable nor unfavorable)
- Demonstration models given out: Actual - Flexible budget = $102,600 - $102,600 = $0 (Neither favorable nor unfavorable)
Fixed expenses:
- Rent: Actual - Flexible budget = $8,000 - $8,000 = $0 (Neither favorable nor unfavorable)
- Sales salaries: Actual - Flexible budget = $59,600 - $59,600 = $0 (Neither favorable nor unfavorable)
- Office salaries: Actual - Flexible budget = $39,600 - $39,600 = $0 (Neither favorable nor unfavorable)
- Depreciation-vans (sales staff): Actual - Flexible budget = $3,300 - $3,300 = $0 (Neither favorable nor unfavorable)
Total expenses: Actual - Flexible budget = $664,000 - $664,000 = $0 (Neither favorable nor unfavorable)
Based on the comparison, there are no significant variances between the actual results and the flexible budget. Therefore, the new plan can be considered valid as it has achieved the expected results in terms of sales commissions and advertising expenses. However, it is important to continue monitoring the performance and making adjustments as needed to control costs effectively.
Learn more about Variable expenses here:
https://brainly.com/question/31781521
#SPJ11
Question 4 (10 points)
The ABC Company executives decide that they will begin to produce more gidgets
than gadgets. They previously had been producing 500,000 gadgets per year and
only 300,000 gidgets. Yet they noticed that at the end of the year, there were still
100,000 gadgets left on the shelves and no gidgets.
a. In an answer of at least one paragraph, explain why the company would want to
produce more gidgets based on this market data.
b. In an answer of at least one paragraph, explain why the ABC Company's decision
involves a trade-off and identify what the trade-off is.
Answer:
A. In an answer of at least one paragraph, explain why the company would want to produce more gidgets based on this market data.
Explanation:
The company has 100000 gadgets left in the stock and no gidgets
Answer:
The company has 100000 gadgets left in the stock and no gidgets
Explanation:
The ABC Company executives decide that they will begin to produce more gidgets only 300,000 gidgets. Yet they noticed that at the end of the year, there were still
Which characteristic gives the term preference shareholder its distinct name?
Preferred shareholder gets its name from its unique feature that shareholders of such shares are given first preference in terms of payment in case the business_____.
Answer: dividends
Explanation:
Dividends are not liability of the firm. The preferred dividends are differed. The dividends and preferred dividends must be paid to the individual stakeholders so that equal share share can reach out to the individual owner before the common shareholders can receive any monetary gain. Dividends are the taxes that are not included in the business expenses but it is included as corporate tax. The dividends by the shareholders are included with the tax.
Answer:
shuts down
Explanation:
When preparing a business message, you should make your writing audience oriented. Audience oriented means a. attempting to get your audience to believe and accept your message. b. writing to solve a problem or convey information. c. presenting ideas clearly but concisely. d. concentrating on looking at the message from the receiver's perspective.
Answer:
D. Concentrating on looking at the message from the receiver's perspective.
Explanation:
When writing a business message, it is important to ensure that the perspective of the receiver is considered. There are two sides to a message; the speaker and the receiver. By making a business writtings audience oriented, it means that thoughts of the receiver or audience is considered alongside the message.
Although other skills such as; present ideal clearly but concise, attempt to get your audience to believe and accept your message, write to solve a problem or convey information are essential qualities of business writtings, yet do not point to audience oriented message.
What does indigenous technology mean?
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
If a put option is exercised, the writer of the option will ____ the underlying asset at the ____.
a. buy; strike price
b. sell; strike price
c. buy; stock market price
d. sell; stock market price
e. buy; put premium
The writer of the put option will be required to purchase the underlying asset at the strike price when a put option is exercised. An option contract allows the owner the right, but not the obligation to buy or sell the underlying asset at a specific price (strike price) on or before a certain date.
A put option is a financial contract between two parties where the buyer has the right, but not the obligation, to sell an agreed-upon quantity of a financial asset at a predetermined price (strike price) to the option seller on or before a specific date.A put option provides protection to the holder against the drop in the underlying asset's value.
The writer (seller) of the put option has the obligation to buy the underlying asset at the strike price if the option is exercised. If the stock price drops below the strike price, the option owner would likely exercise the option. When this happens, the option seller will be forced to buy the stock from the owner at the strike price.In conclusion, if the put option is exercised, the writer (seller) of the option will have to buy the underlying asset at the strike price.
To know more about asset visit:
https://brainly.com/question/14826727
#SPJ11
objective use to
achieve money
allocation to achieve
la desired outcome
Martha is 80; her most important financial plan would concern her
Martha is 80; her most important financial plan would concern her estate. True. Martha, like anyone else, should have a financial plan that includes a plan for her estate.
Estate planning is an important aspect of personal finance, as it helps individuals ensure that their assets are distributed according to their wishes after they pass away. This can include planning for the distribution of assets, appointing guardians for minor children, and minimizing taxes and legal fees associated with the estate. It is always best to consult with a financial advisor or an estate planning attorney to ensure that one's estate plan meets their specific needs and goals.
Learn more about financial plan
https://brainly.com/question/29763313
#SPJ4
Full Question ;
Martha is 80 and has a very high net worth. Her most important financial concern is probably her.________
When sending a group email, how do you ensure that one or several recipients cannot see the names of other recipients? select only one.
The option that is used is Blind Carbon Copy (BCC).
When sending an email message to a big group of individuals, it is advisable to use the Blind Carbon Copy (BCC) option for security and privacy reasons. Whenever user put email addresses in the BCC area of a message, the addresses are hidden from the recipients.
In contrast, any email addresses you include in the To or CC fields are accessible to everyone who gets the message.
If a person's email address is included in the BCC field, they would receive a copy of the email in their inbox as if they were CC'd.
The difference is that their email address would not be visible to the other persons in the email chain, and as a result, they will not receive further Reply or Reply All messages from others in the thread. It's worth noting that BCC receivers can't see each other either. Consider it a stealth mode CC.
To learn more about email and BCC click here: "https://brainly.com/question/12186200"
#SPJ10
PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?
Explanation:
Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.
Does any1 play genshin impact here??
Answer:
nope
Explanation:
I don't play games haha
i doooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
How does change in cost of energy and raw materials, borrowing and premises affect a house building company
Answer:
A shift in the cost of electricity and raw materials may have a major influence on a home construction firm. For example, if the cost of electricity and raw materials rises, the corporation may have to spend more on these items, resulting in higher production expenses. This rise in manufacturing costs may eventually result in lower profit margins or an increase in the final price of the houses, making them less competitive in the market.
Likewise, changes in borrowing costs might have an influence on the company's profitability. If interest rates rise, the cost of borrowing money to invest in the firm rises, resulting in greater debt-service expenses. This may limit the company's capacity to invest in growth possibilities, which can be negative on long term profitability impact.
Likewise, changes in borrowing costs might have an influence on the company's profitability. If interest rates rise, the cost of borrowing money to invest in the firm rises, resulting in greater debt-service expenses. This may limit the company's capacity to invest in growth possibilities, which might harm long-term profitability.
Changes in facility expenses might also have an impact on the company's profitability. For example, increasing the cost of rent or mortgage payments for the company's offices or facilities may result in increased overheads and lower profitability. Furthermore, if the firm decides to grow or relocate, it may incur considerable upfront expenses, which may have an impact on short-term profitability.
A supermarket building was purchased for $567,000. The down payment was 12%. The balance was financed at 7.97% for 25 years. Find the montly payment is
The monthly payment for the supermarket building is approximately $3,667.63. To find the monthly payment for a supermarket building, the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
we will need to make use of the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
where P = the principal,
r = the interest rate per month, and
n = the total number of months.
We will calculate the values of P, r, and n using the information provided in the problem statement:
Down payment = 12% of $567,000 = 0.12 × $567,000 = $68,040
Principal = $567,000 − $68,040 = $498,960
Interest rate per year = 7.97%
Number of years = 25Number of months = 25 × 12 = 300To convert the interest rate per year to the interest rate per month, we will divide by 12:
Interest rate per month = 7.97% ÷ 12 = 0.6642% Plugging in these values into the formula, we get:
Monthly payment = $498,960[0.006642(1+0.006642)^300/((1+0.006642)^300−1)]
Monthly payment = $3,667.63.
To know more about payment visit :
https://brainly.com/question/32320091
#SPJ11
how to right a conclusion for human resources
Answer:
The conclusion should state once again the problems and solutions that you have arrived at during your research. Learning how to write a human resources essay requires you to be keen on making a good summary of the interpretations and observations described in the main body of the paper.
Explanation:
Hope this helps
Can someone please help me with this
Assignment 4R
(20 points)
Assignment 4R: Career Development
Instructions
Save this file in your course folder, and name it with Assignment, the assignment letter, the section number, and your first initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named Assignment1RJRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
In Section 4, you learned about career development. Now, you'll apply what you learned.
1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
5. Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would use these methods for job seeking. (1-2 sentences. 3.0 points)
6. Write your answers to at least three of the Lesson 2 questions on the What You Want from Your Life page. (1-3 sentences. 3.0 points)
TIP: Separately, you can write out a vision statement for yourself. Since it's personal, you don't have to turn in your vision statement, but you should turn in your answers to at least three of the questions about what you want from your life.
7. Describe a career you would like to have, and explain how you could get started and then advance in that career. (1-3 sentences. 3.0 points)
8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application. (2-5 sentences. 3.0 points) CAUTION: To protect your privacy, make sure you don't list the names of specific places where you've worked or gone to school.
Answer:
1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
Customer support, also known as phone support, is the best example of a task that makes a lot of sense to outsource in a corporation. Even if the costs can be large, there are several parts where hiring, having office space and training, and paying taxes on support representatives are not. It makes sense because it is the most effective way to outsource a business to provide a better service to the customer..2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
Human resources professionals are responsible for keeping personnel policies for the organizations for which they operate up to date. These policies regulate how a company is run, from recruiting and firing to sexual harassment and other types of workplace discrimination.New workers are given personnel policies to study, and they are often asked to sign a statement stating that they have reviewed and understand the policies. Policies and processes differ from one organization to the next, but some elements are shared.3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
Where they live, where they came from, and who to contact if anything bad happens are all mentioned under the heading details.Workplace Environment: Be aware of what is going on around you and ensure that it is secure for employees.They should have three or four skills: Being willing to complete the job that has been assigned to them.4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
I would recruit for attitude and then train for skills using employee referral systems. When it comes to hiring, the employees can be a reliable source of information. They have acquaintances and colleagues who work in the same area. Create a policy that allows employees to refer qualified applicants for open positions within the organization. Since skills can be learned, a smart recruiter can look for attitude when hiring workers. The best applicant should have a positive attitude about a job that requires the necessary skills, which is difficult to come by in most cases. As a recruiter, the approach to use here is to find someone who has a good attitude about a work advertisement.Hernandez, Inc. Manufactures three models of picture frames for a total of 8,000 frames per year. The unit cost to produce a metal frame follows: Direct materials $ 6 Direct labor 8 Variable overhead 2 Fixed overhead (70% unavoidable) 5 Total $ 21
This means that each metal frame produced by Hernandez, Inc. has a total unit cost of $21.
Hernandez, Inc. manufactures three models of picture frames, producing a total of 8,000 frames per year. The unit cost for producing a metal frame can be broken down into several components, which include direct materials, direct labor, variable overhead, and fixed overhead.
1. Direct materials: These are the raw materials used in the production of the metal frame, which cost $6 per unit.
2. Direct labor: This refers to the wages paid to the workers directly involved in manufacturing the metal frame. The cost of direct labor is $8 per unit.
3. Variable overhead: This encompasses costs that vary with the production level, such as electricity and maintenance expenses. The variable overhead cost for each metal frame is $2.
4. Fixed overhead: These are costs that do not change with the level of production, like rent and property taxes. Out of the total fixed overhead cost of $5 per unit, 70% ($3.50) is considered unavoidable, meaning that it will be incurred regardless of the number of frames produced.
By summing these individual cost components, we can calculate the total cost to produce a metal frame: $6 (direct materials) + $8 (direct labor) + $2 (variable overhead) + $5 (fixed overhead) = $21 per unit.
For more about total unit cost:
https://brainly.com/question/17190940
#SPJ11
How would a $10 increase in depreciation expense affect the each of the three financial statements?
A $10 increase in depreciation expense will affect the three financial statements in the following ways: Income Statement, Balance Sheet, Cash Flow Statement
Income Statement: Depreciation expense is a non-cash expense that reduces the net income of a company. An increase in depreciation expense by $10 would reduce the net income by $10. Therefore, the net income would decrease by $10.
Balance Sheet: Depreciation expense is a part of the company's accumulated depreciation, which is deducted from the gross value of assets. An increase in depreciation expense by $10 would increase the accumulated depreciation account by $10. This would reduce the book value of the assets by $10.
Cash Flow Statement: Depreciation expense is added back to the net income in the cash flow statement because it is a non-cash expense. An increase in depreciation expense by $10 would increase the cash flow from operations by $10. Therefore, the cash flow from operations would increase by $10.
Learn more about depreciation here:
https://brainly.com/question/15085226
#SPJ11
Each of the following events result in a tax payment. Which is an example of an indirect tax?
Sam buys a necklace and earring set at a local jewelry store.
Alex inherits a home and property upon her grandparent’s death.
The Smith's hardware store earned its biggest profit this year to date.
The Joneses save each year toward the property taxes owed on their farm.
If the given events result in a tax payment. An example of an indirect tax is A. Sam buys a necklace and earring set at a local jewelry store.
What is indirect tax?Indirect tax can be defined as the type of tax that are imposed on the goods or products a person purchased from a store.
This type of tax are not imposed on a person earnings or income but a person is been taxed when ever they purchased a product from a supermarket or store.
Example of indirect tax is when you purchased groceries from a supermarket in which your payment receipt shows a sales tax . This sales tax means that you have be taxed based on the amount of goods you bought or purchased.
Therefore we can conclude that the correct option is A as it best illustrate what an indirect tax is
Learn more about indirect tax here: https://brainly.com/question/25033379
#SPJ1
Answer: A) Sam buys a necklace and earring set at a local jewelry store.
Explanation:
Got it right!
Which of the four factors directly impact your total cost of using the credit card?.
Using credit cards and not paying them off on a regular basis can harm your credit.Aside from the high interest rate.
What is the impact of using credit cards?Using credit cards and not paying them off on a regular basis can harm your credit.Aside from the high interest rate. the biggest disadvantages of using credit when you don't have the cash to pay it off later include damaging your credit, straining relationships with family and friends, and, eventually, bankruptcy. The total cost of credit is the total amount that a borrower must pay for a loan.The total cost of credit is estimated by summing all costs (interest payments, fees, charges, commissions, and so on) that the borrower must pay over the life of the loan. When considering whether to approve your application for a new credit card, card issuers consider more than just your three-digit credit score. According to studies, you are more likely to spend using a credit card than with cash.However, careful credit card use delivers advantages that cash cannot equal.Many, if not all, of the products featured on this page are provided by our partners, who compensate us.To learn more about credit card refer
https://brainly.com/question/1985056
#SPJ4
Answer:
Annual fee, APR/interest rate,penalty fees,grace period
Explanation:
In 2017, Blake purchased a new home. In addition to the purchase price of $200,000, he paid $700 in legal fees and $2,000 in recording costs. In 2019, he added a deck at a cost of $5,000. Blake's basis in his home is:
Answer:
$207,700
Explanation:
Blake's basis in his home in 2017 = purchase price + legal and administrative fees = $200,000 + ($700 + $2,000) = $202,700
Since the deck that Blake added to his home is considered an improvement that is permanent and increases the home's value, it will also increase the home's basis = $202,700 + $5,000 = $207,700
lakeview, inc.'s statement of cash flows reports financing activities with payments that exceed receipts. this means that lakeview had a net cash (inflow/outflow)
Financing activities involve transactions related to borrowing and repaying money, issuing and repurchasing stock, and paying dividends. Payments exceeding receipts indicate that Lakeview made more payments for these financing activities than it received.
A net cash outflow from financing activities could be the result of several factors. For instance, Lakeview may have paid off a significant amount of debt during the reporting period, reducing its liabilities. Additionally, the company might have repurchased its own stock or paid dividends to shareholders. These actions can result in a reduction in cash available for other activities.
It is important to note that a net cash outflow in financing activities does not necessarily indicate financial trouble. It is a normal occurrence for companies to make payments for financing activities, especially during periods of growth or strategic restructuring. The statement of cash flows provides insights into how Lakeview manages its financial resources and allocates capital to support its operations and future growth.
To know more about Financing activities refer to:
https://brainly.com/question/29993856
#SPJ11
HELP ASAP PLEASE
The CPI is calculated by comparing
the spending levels at the beginning of
each year to the end of each year. In
this way, the calculation is similar to
what?
A. Unemployment
B. Inflation
C. Circular Flow Model
Answer:inflation
Explanation:
Womack Toy Company’s stock is currently trading at $25 per share. The stock’s dividend is projected to increase at a constant rate of 7 percent per year. The required rate of return on the stock, ks, is 10 percent. What is the expected price of the stock 4 years from today?
Answer: $32.77
Explanation:
Given the following :
Current price of stock = $25
Growth rate of Dividend per annum= 7%
Required return on stock = 10%
Period = 4 years
Expected price of stock after 4 years can be calculated using the relation :
Current price × ( 1 + growth rate)^period
Expected price = $25(1 + 7%)^4
Expected price :
$25 × ( 1+ 0.07)^4 = $25 × (1.07)^4
= $25 × 1.31079601
= $32.76990025 = $32.77
to get the worst case scenario, we assign the least favorable value to each item. this means to assign low values for items like units sold and price per unit and:
Assigning the least favorable value to each item means to assign low values for items like units sold and price per unit and high values for costs.
A least favorable value is such a price value where a producer fearing that his product will not be able to do good in a market sets the value price of his products in the market as low values for each unit sole or price per unit. The cost of production is higher in such a case.
The strategy of least favorable value is used when making products for which the producer fears a worst-case scenario. This strategy is however not used by many businesses as each business owner is determined to make a valuable profit from products.
The question will correctly be written as:
Fill in the blank
To get the worst-case scenario, we assign the least favorable value to each item. this means assigning low values for items like units sold and price per unit and ..............
To learn more about costs, click here:
https://brainly.com/question/28062205
#SPJ4
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
1 số tên các doanh nghiệp độc quyền hoặc độc quyền nhóm ở Việt Nam
How would you respond react/respond under a potentially stressful face-to-face interaction, like being at a job or a meet with a possible employer?
Answer:
Hi I'm Neon and I experienced this before, my advise is to remain calm and composed during a face-to-face interaction, especially if it is a job interview or meeting with a potential employer.
Explanation:
Here are some tips that may help you handle a potentially stressful situation:
Take a deep breath and try to relax: Try to calm your nerves by taking a few deep breaths before the interaction begins. This can help you feel more composed and focused.Be prepared: Do your research and come prepared with any necessary materials or information. This can help you feel more confident and in control of the situation.Listen carefully: Pay attention to what the other person is saying and try to fully understand their perspective. This can help you respond in a thoughtful and meaningful way.Stay positive: Try to maintain a positive attitude, even if the interaction becomes stressful. This can help you come across as confident and capable, even under pressure.Be honest: If you don't know the answer to a question, it's okay to admit it. It's better to be honest than to try to bluff your way through an answer.Remember, it's natural to feel nervous in a potentially stressful situation, but by staying calm, being prepared, and maintaining a positive attitude, you can effectively navigate the interaction and come across as confident and capable
Let me know if you have furher question hehe
a sales rep at a store is helping a customer choose a computer. after a brief conversation, he offers her one that best meets her functionality and price needs, but she tells him she's had bad experiences with that brand's customer support. which response (s) would be effective? select all that apply.
Effective responses by a sales rep would be to suggest she buy a low-cost service contract in case the computer has issues, Acknowledge her past experience and ask what happened and Reconfirm her needs and explain how this computer meets them
For a business or organisation, a sales representative markets and sells goods to consumers. By guaranteeing a seamless sales process and customer satisfaction, they pitch products to prospective customers, promote new ones to existing clients, and maintain existing customer accounts. Avoid the urge to respond to a complaint as soon as you hear it; doing so shows that you aren't paying attention. Instead, establish trust by genuinely caring about the problem they've identified. By doing this, you'll move closer to fixing the issue and closing the sale.
To learn more about sales rep refer here:
https://brainly.com/question/28410463
#SPJ4
wine and roses, incorporated, offers a bond with a coupon of 7.5 percent with semiannual payments and a yield to maturity of 8.16 percent. the bonds mature in 10 years. what is the market price of a $1,000 face value bond? multiple choice $1,461.51 $1,449.42 $955.47 $1,055.32 $1,506.05 question 2 of 10 total 2 of 10 mcgraw hill
Based on the bond coupon, the semiannual payments, and the yield to maturity, the market price of the bond can be found to be $955.47.
How to find the market price of the bond?The market price of the bond is the sum of the present value of the bond coupon payments and the present value of the face value of the bond.
The number of periods for the bond is:
= 10 years x 2 semi annual periods
= 20 semi annual periods
The periodic yield to maturity is:
= 8.16 / 2
= 4.08%
The coupon payment on the bond is:
= 7.5%/2 x 1,000
= $37.50
The present value of the coupons is:
= 37.50 x (1 - (1 + 4.08%)⁻²⁰) / 4.08%
= $506.05
The present value of the face value is:
= 1,000 / (1 + 4.08%)²⁰
= $449.42
The market price is therefore:
= 506.05 + 449.42
= $955.47
Find out more on the market price of a bond at https://brainly.com/question/13065331
#SPJ1
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU17. Lewis signed a contract for the rights to all timber located on Nine Mile Mine. He agreed to pay $70 per thousand board feet ($70/mbf). As he began work, Nine Mile became convinced that Lewis lacked sufficient equipment to do the job well and forbade him to enter the land. Lewis sued. Nine Mile moved for summary judgment. The mine offered proof that the market value of the timber was exactly $70/mbf, and Lewis had no evidence to contradict Nine Mile. The evidence about market value proved decisive. What is the issue