If a bond is purchased at a premium, the yield to maturity is higher than
the nominal yield.
<h3>What is Nominal yield?</h3>
This is defined as the return of a bond is determined by the percentage of
the face value while Current yield deals with current market value.
Yield to maturity is the total return anticipated on a bond if the bond is
held until it matures and is usually higher than the nominal yield.
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Answer: $1,487.56
Explanation:
Total annual inventory cost = Ordering cost + Inventory Holding cost
Ordering cost = Number of orders * ordering cost
= (Annual demand / Order quantity) * 35
= ((52 weeks per year * 70) / 90) * 35
= $1,415.56
Inventory holding cost:
= Average inventory * holding cost
= (90 gallons / 2) * (40% * 4)
= $72
Total annual inventory cost = 1,415.56 + 36
= $1,487.56
Answer:
Tablet only.
Explanation:
As Given Merlin have bought tablet for $500, he return it and buy GPS device for $200 and downloaded tunes for $100.
Most of commercial agreement is unwritten and many contract does not require to be in writing, however, uniform commercial code (UCC) have made certain exception for which written contract is required.
Under uniform commercial code (UCC), certain contract for sales of goods Article 2 must be in writing.
All the sales of goods worth $500 and more must have contract in writing and must be signed by the party against which enforcement is sought. It is valid even if the contract is not written in detail, it is enforceable.
Therefore, only purchase of Tablet must have contract in writing as it is worth $500.
Answer:
C) $29,300
Explanation:
to determine the answer we need to solve the following equation:
60 installments (C + $100) + $700 = 60 installments x $600
60C + $6,000 + $700 = $36,000
60C + $6,700 = $36,000
60C = $29,300
C = $29,300 / 60 = $488.33 per month during 5 years
Answer:
Daun’s first year of operation
Income statement
Sales Revenues $250,000
Less
Cost Of Sales $ 140,000
Less
Expenses $ 2820
Warranty Claims 5000
Net Income 102,180
Daun’s first year of operation
Cash Flows statement
Net Earnings $250,000
Less
Cash Paid for
Inventory Costs $ 140,000
Replacements $ 2820
Net Income 107,180
