monty corporation issued 112,000 shares of $20 par value, cumulative, 8% preferred stock on january 1, 2021, for $2,700,000. in december 2023, monty declared its first dividend of $840,000. (a) prepare monty's journal entry to record the issuance of the preferred stock.

Answers

Answer 1

The journal entry for Monty to record the issuance of preferred stock, is :
Date                   Account title                                Debit           Credit

Jan, 1, 2021        Cash                                       $2, 700, 000

                          Preferred stock                                              $ 2, 240, 000

                          Additional paid in capital                               $ 460, 000

How to record the stock issuance ?

The issuance of preferred stock will see the cash account be debited by the total amount that the stock was sold for, which is $2 , 700, 000 in this instance.

The preferred stock account will be credited by the par value of stock :
= 112, 000 x 20

= $ 2, 240, 000

The additional paid in capital would be :

= Cash - preferred stock par value

= 2, 700, 000 - 2, 240, 000

= $ 460, 000

Find out more on preferred stock at https://brainly.com/question/18068539

#SPJ1


Related Questions

why do business need funding

Answers

To start up the company. The business would also sell their company’s stocks which is a small percent of the money coming in.

multiple choice-- economics

Entrepreneurs do all of the following EXCEPT ...

Come up with new ideas about what, how, when, and where to produce

Own all the other resources

Organize labor, land, and capital

Bear risk from business decisions

Answers

Own all the other resources

Entrepreneurs do all of the following except own all the other resources. Thus, the correct answer is option B.

Who are Entrepreneurs ?

An entrepreneur is someone who has an idea and tries to develop a good product or service that others will purchase, together with a business to help them in their endeavour. An entrepreneur is seen as a visionary or an innovator since they take on the majority of the risk and responsibility for their new company.

An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods. An entrepreneur plans for labour, capital, and resources.

Therefore, Own all the other resources is not a role of an entrepreneur.

To learn more about entrepreneur, click here:

https://brainly.com/question/13897585

#SPJ2

Furniture is an
O asset
O expense
O none of the above

Answers

Asset I think
I hope it helped you

Answer:

Asset.

Explanation:

An asset is a useful or valuable thing or person.

20) markets buy goods and services for further processing. a) business b) reseller c) wholesale d) consumer e) retail

Answers

Any location—in person or online—that makes it possible for buyers and sellers to exchange items is referred to as a marketplace. Transactions take place in both ways, not just one, in a marketplace, which sets it apart from a retail store.

What industries purchase products and services for further processing?Business marketplaces are those where items are purchased for further processing or usage in the industrial process.Consumer markets are generally made up of goods that individuals use on a daily basis. A person enters the consumer market if they buy something for their own use. Food, beverages, transportation, and retail are the usual four divisions of the market.All people and families who purchase products and services for their own use are considered to be part of the consumer market.Logistics is the planning, organizing, and supervision of the transportation, storage, and delivery of goods and services from their point of origin to their destination.A business market is a strategy a business use to offer goods or services to a certain clientele. Business markets typically facilitate sales between businesses when one business intends to reuse or resell the goods or services of another company.

To Learn more about marketplace refer:

https://brainly.com/question/12424281

#SPJ4

were the most vigorous supporters of the net ban campaign in florida

Answers

The most vigorous supporters of the net ban campaign in Florida were environmentalists and conservation organizations.

Environmentalists and conservation organizations were the most vigorous supporters of the net ban campaign in Florida. These groups advocated for the ban on certain types of fishing nets, such as gill nets, to protect marine life and preserve the ecosystem. They argued that these nets caused significant damage to marine habitats and led to the unintended capture and mortality of non-targeted species, including endangered ones.

Environmentalists and conservation organizations mobilized public awareness campaigns, lobbied policymakers, and organized protests to highlight the ecological importance of the net ban. Their efforts played a crucial role in garnering support for the ban and pushing for its implementation.

To know more about campaign, here

https://brainly.com/question/32161257

#SPJ4

External economies of scale occur when average costs of a​ firm: A. rise as the industry grows larger. B. fall as the industry grows​ larger, but may or may not rise as the representative firm grows larger. C. fall as the representative firm and industry grows larger. D. remain constant.

Answers

We are required to explain how external economies of scale occur with a change in average costs of firm

Economies of scale can be defined as the rise in output as cost per unit decrease.

External economies of scale occur when average costs of a firm "fall as the representative firm and industry grows larger."

External economies of scale occur when a industry grows larger and representative firms benefit from lower long-run average costs.

External economies of scale can also be called positive external benefits of industrial expansion.

Therefore, External economies of scale occur when average costs of a firm "fall as the representative firm and industry grows larger."

Read more:

https://brainly.com/question/20354469

Lawrence has been asked to learn how many cars drive by a specific location that his company is considering for a new restaurant. The most useful way to research this information would be by

Answers

Answer:

The answer is  Investigating Primary Sources

Explanation:

I chose this answer because According to this problem, even though it doesnt say it, the smartest way to investigate a location you want to make a business  

really you would need to see the sources for it.

your company requires that all the data on your ebs-backed ec2 volumes be encrypted. how would you go about doing this?

Answers

Even if you don't use the encrypted=true request parameter, encryption by default enables you to guarantee that all newly generated EBS volumes in your account are encrypted at all times.

What holds true regarding the functionality of encryption with EBS?

What holds true regarding the functionality of encryption with EBS? When you take a snapshot of an encrypted volume, you generate an encrypted snapshot; when you restore an encrypted snapshot, you create an encrypted volume.

What steps should you take to safeguard the data on EBS volumes?

3 Important Things to Keep in Mind to Protect Data in Your Most Important EBS...

EBS Volume Encryption is the first.

Access Management, often known as how to prevent deletion of your EBS volumes, is item number two.

3 - How to Backup and Recover EBS Data Correctly

Learn more about EBS Volume

Visit:

https://brainly.com/question/15048276

#SPJ4

Which of the factors of production involves taking risks and combining resources to provide a good or service?

Answers

The factor of production that involves taking risks and combining resources to provide a good or service is entrepreneurship.

Entrepreneurship is the process of identifying opportunities, taking risks, and organizing and managing resources in order to create and run a business. Entrepreneurs are individuals who have the ability to recognize market needs, develop innovative ideas, and take the necessary steps to bring those ideas to life.

Entrepreneurs play a vital role in the economy by introducing new products and services, creating jobs, and driving economic growth. They take risks by investing their time, money, and effort into their ventures, with the hope of achieving success.

For example, imagine someone who identifies a need for a new smartphone app that can help people manage their finances more effectively. They would need to gather the necessary resources, such as funding, technology, and skilled employees, and take the risk of starting a business to develop and launch the app.

This process requires a combination of resources, strategic decision-making, and a willingness to take on the uncertainty and potential challenges associated with entrepreneurship.

To learn more about entrepreneurship

https://brainly.com/question/22477690

#SPJ11

Chiko bought 75 shares of stock at $19.58 per share. She recelved total dividends of $73.42 during the year. At the end of the year, her stock was valued at $22.14 per share. What was her ROI? (Round percentages to one decimal place.)​

Answers

Answer:

Return on investment = 18.07% (Approx.)

Explanation:

Given:

NUmber of share = 75 shares at $19.58 per share

Amount of dividend received = $73.42

Stock value at end = $22.14 per share

Find:

Return on investment

Computation:

Purchase price = 75 x 19.58

Purchase price = $1,468.5

Final value  + Dividend = 75(22.14) + 73.42

Final value  + Dividend = $1,733.92

Profit = $1,733.92 - $1,468.5

Profit = $265.42

Return on investment = [Profit / Initial value]100

Return on investment = [265.42 / 1,468.5]100

Return on investment = 18.07% (Approx.)

When using display advertising, what could you include in an ad to achieve the goal of driving more sales

Answers

Answer:

A popular figure or something to persuade the consumer to buying your product

Explanation:

Hope this helps!

In CengageNOWv2, all of the accounting problems are multiple choice or utilize drop-down menus. TRUE OR FALSE

Answers

The statement all of the accounting problems are multiple choice or utilize drop-down menus is true because participants will learn how to construct and evaluate financial statements such as the balance sheet, income statement, and cash flow statement.

As well as how to calculate and interpret crucial ratios. Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Duality Aspect Concept, Realisation Concept, Accrual Concept, and Matching Concept are some of the terms used in accounting.

Revenues, costs, assets, and liabilities are the four basic accounting concepts utilized in company. Documents such as balance sheets, income statements, and cash flow statements track and record these elements. When respondents choose to participate in the study on their own, they make a selection error.

To learn more about accounting, click here.

https://brainly.com/question/22917325

#SPJ4

As the manager of a successful accounting firm, you know that from January to April, your employees often feel great amounts of stress. One of your employees, Syddarth, returned from lunch 30 minutes late and it appeared to you that he had been crying. It is important in this situation that you ________.

Answers

Answer:

Talk to him or give him a holiday for the rest of the day

As a manager, it is your duty to assure Syddarth that you understand how he is feeling and that things are stressful.

What is organizational stress?

Organizational strain outcomes while a character must cope with demands, responsibilities, and targets which are beyond their abilities or process requirements.

Hence, in this given situation, As a manager, it is your duty to assure Syddarth that you understand how he is feeling and that things are stressful.

Learn more about organizational stress here:

https://brainly.com/question/11819849

#SPJ2

using horizontal analysis, the increases and decreases are shown a.as amounts and percentages for each line item. b.as percentages only for each line item. c.as amounts only for each line item. d.none of these choices are correct.

Answers

B) solely expressed as percentages for each line item. A technique for analysing financial statements that compares financial data over many time periods is called horizontal analysis, commonly referred to as trend analysis.

A technique for analysing financial statements that compares financial data from several time periods is called horizontal analysis. It is used to find patterns, trends, and changes in a company's financial performance as well as to compare financial results across time in a way that is meaningful. The financial information is expressed in a horizontal analysis as a percentage change from a base period, typically the prior year. This makes it possible for the analyst to recognise increases and decreases in each line item as well as to consistently compare changes in the line items. Investors, managers, and other stakeholders that want to analyse a company's financial performance over time and spot areas of growth or decrease can benefit from using horizontal analysis.

Learn more about Horizontal analysis here:

https://brainly.com/question/29339142

#SPJ4

Think about the sample you just read. Sort the details depending on whether they are suitable for a younger or older
audience.
defining "litter"
energy-saving goods to buy
statistics about pollution
start an environment club
scientific experts' views
fuel-efficient car facts
how to recycle
Details for a Younger Audience
interviews with kids
Details for an Older Audience

Answers

Facts about fuel-efficient vehicles, scientific theories, and suggestions for energy-saving items For a younger audience, creating an environment club, interviewing kids, recycling, and statistics are appropriate.

Why is it vital to consider the target audience's age?

You can reach more people in a certain age group by using age demographics. A certain age group may share cultural experiences, values, or attitudes that might help you relate to your target audience. These concepts can be used to demonstrate how your good or service matches their requirements and way of life.

What are the four most important methods for determining a target audience?

When launching a business, a product, or a service from your current firm, identifying your core target audience is essential.

To know more about younger or older audience. visit:

https://brainly.com/question/8321117

#SPJ1

Answer:Details for younger- interviewing with kids, how to recycle, start an environment club, defining “litter”


Older Audience-scientific experts’ views, energy-saving goods to buy,statistics about pollution, fuel-efficient car facts.

Explanation: I took it on edge 2023

. determine the predetermined overhead rate used (based on direct materials cost). 2. only one job remains in work in process inventory at year-end. its direct materials cost is $30,000. how much direct labor cost and applied overhead are assigned to this job?

Answers

The predetermined overhead rate used is $2.50 per dollar of direct materials cost, and the amount of direct labor cost and applied overhead assigned to the job is $12,000 and $75,000, respectively.

Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total direct materials costFor example, if the estimated total manufacturing overhead cost for the period is $500,000 and the estimated total direct materials cost is $1,000,000, then the predetermined overhead rate would be:Predetermined overhead rate = $500,000 / $1,000,000 = 0.50 or 50%Therefore, the predetermined overhead rate based on direct materials cost is 50%.The formula for the total manufacturing cost of a job is:Total manufacturing cost = Direct materials cost + Direct labor cost + Manufacturing overhead costSince we know the direct materials cost for the job is $30,000, we can use the predetermined overhead rate to estimate the manufacturing overhead cost for the job. The formula for the manufacturing overhead cost assigned to the job is:Manufacturing overhead cost = Predetermined overhead rate x Direct materials costTherefore, the direct labor cost assigned to the job is $0 and the applied overhead is $15,000. This means that the total cost of the job in work in process inventory is $45,000.

learn more about  predetermined overhead rate here:

https://brainly.com/question/26372929

#SPJ4

when the entreprenuers arranges a get-together at someones home where participants
a. Home party
b. Illegal pyramid scheme
c. Pop-up bussiness
d. Mobile office

Answers

When entrepreneurs arrange a get-together at someone's home where participants gather to learn about and purchase their products or services, this is commonly known as a home party.

It is a legitimate and popular way for entrepreneurs to showcase and sell their products in a more intimate and personal setting. It is important to note, however, that home parties should not be confused with illegal pyramid schemes, which rely on recruiting new members and promising unrealistic returns. Home parties can also be considered a type of pop-up business, as they are often temporary and mobile in nature, with entrepreneurs setting up shop wherever they can find a suitable location. In some cases, home parties may also serve as a mobile office for entrepreneurs, allowing them to conduct business and interact with customers in a relaxed and informal setting.

To know more about entrepreneurs, click:

https://brainly.com/question/31104672

#SPJ11

on september 1, year 1, sigma corporation accepts a $100,000 six-month, nine percent promissory note from one of its clients. the transaction recorded by the company on march 1, year 2, the maturity date, will involve all of the following except a .

Answers

The transaction recorded by Sigma Corporation on March 1, Year 2, the maturity date, will involve all of the following except a ________________.

The transaction involving the promissory note on March 1, Year 2, will include the following:

Debiting the Notes Receivable account: When the promissory note was accepted on September 1, Year 1, Sigma Corporation would have debited the Notes Receivable account for $100,000.Crediting the Cash account: Sigma Corporation would have credited the Cash account for $100,000 on September 1, Year 1, as it received the promissory note.Accruing Interest Receivable: As the promissory note carries a nine percent interest rate, Sigma Corporation should have accrued Interest Receivable on a monthly basis. By March 1, Year 2, the interest receivable would have accumulated to $4,500 (9% of $100,000 for six months).Crediting the Notes Receivable account: On March 1, Year 2, when the promissory note matures, Sigma Corporation will credit the Notes Receivable account for $100,000.Debiting the Interest Receivable account: Sigma Corporation will debit the Interest Receivable account for $4,500 on March 1, Year 2, as it collects the accrued interest.

Therefore, the transaction on March 1, Year 2, will not involve debiting the Interest Revenue account.

To know more about promissory note visit:

brainly.com/question/32294361

#SPJ11

mitch is on layoff from his assembly-line job in wisconsin, and he expects to return in three weeks. during this time, he is vacationing in florida. the bureau of labor statistics would classify mitch as

Answers

The bureau of labor statistics would classify mitch as unemployment.

The required details about the Bureau of Labor Statistics are mentioned in the paragraph below.

The Bureau of Labor Statistics measures hard work marketplace activity, running conditions, fee changes, and productiveness withinside the U.S. financial system to help public and personal choice making. The Bureau of Labor Statistics (BLS) is a unit of the US Department of Labor. It is the foremost fact-locating enterprise for the U.S. government withinside the wide subject of hard work economics and statistics and serves as a foremost enterprise of the U.S. Federal Statistical System. The BLS is a governmental statistical enterprise that collects, processes, analyzes, and disseminates important statistical information to the American public, the U.S. Congress, different Federal agencies, State and neighborhood governments, business, and hard work representatives. The BLS additionally serves as a statistical useful resource to the America Department of Labor, and conducts studies into how a great deal households want to earn so that you can experience a first rate trend of living.

Thus unemployment is the right answer.

To learn about the Bureau of Labor Statistics visit here.

https://brainly.com/question/28500512

#SPJ4

1.Why do you think we tend to ignore the messages or advertising that is out there?


2.Why does Godin argue that companies should market to early adopters?


3.Godin argues that the riskiest thing a company can do is be safe. What does he mean by this?


4.If you were marketing a product, what is one tip you could take from this video to help you


5.market the product? Discuss how you would use the tip to help your company.


6.What happened with Greenpeace's whale naming campaign?


7.What lesson can we learn about marketing from this example?


8.Think about a business idea that you have. How could you use social media for this business?

Answers

Explanation:

1. We are bombarded with lots of advertisement that is beyond our comprehension as consumers because we already have working solutions at our disposal.

2. He believes this group of people are more curious about getting acquainted with new ideas and products.

6. They were successful. This was a campaign against whaling expedition, however an online voting campaign began on social media to name the whale in hopes of creating publicity so that the Japanese government would ban whale expeditions. It proofed successful after the campaign went viral and a ban was effected.

7. It shows the power of social media in motivating people towards a good cause.

8. Pictures play a role in catering services businesses. Thus, social media sites which allows photo sharing can be a great help in marketing confectioneries.

the shift of the budget line from cd to ab in the above figure is consistent with:
A. decreases in the prices of both M and N.
B. an increase in the price of M and a decrease in the price of N.
C. a decrease in money income.
D. an increase in money income.

Answers

Answer:

Explanation:D. an increase in money income.

A budget line shows the combinations of two goods that a consumer can afford given their budget constraint, which is determined by their income and the prices of the goods. The slope of the budget line represents the relative prices of the two goods.

If the budget line shifts from cd to ab, this means that the consumer can now afford to buy more of both goods, since the budget constraint has expanded. This could be due to an increase in money income, which would allow the consumer to spend more money on goods and services.

Decreases in the prices of both goods (choice A) or an increase in the price of one good and a decrease in the price of the other (choice B) could also lead to a shift of the budget line outward, but these options are not as general as an increase in money income, which can apply to any combination of goods. A decrease in money income (choice C) would shift the budget line inward, making the consumer afford fewer goods.

The correct answer is C. a decrease in money income. When there is a decrease in income, the budget line shifts inward, resulting in a decrease in the amount that can be spent on both goods, represented by the shift from cd to ab in the figure.

The shift of the budget line from CD to AB is consistent with a decrease in the prices of both M and N because when the prices of both goods decrease, the consumer can now afford more of both goods with the same income, which leads to an outward shift of the budget line.

learn more about budget line here: brainly.com/question/14637545

#SPJ11

5
Lacretia wants to apply for an internship with INTERPOL. As her guidance counselor, which requirements would you advise Lacretia she needs to meet
in order to achieve her goal of internship?
She must be of legal adult age in her country, reside in an INTERPOL member country, and speak fluent English.
She must be of legal age in her home country and have a post-secondary degree issued within the last three years.
OB.
O C. She must have applicable school education, be an adult in her home country, and speak English.
O D. She must be of legal age in her home country, reside in France, and speak fluent English
All rights reserved.
A.
Reset
Next

Answers

As Lacretia's guidance counselor, I would advise her that the requirements she needs to meet in order to apply for an internship with INTERPOL are:

A. She must be of legal adult age in her country, reside in an INTERPOL member country, and speak fluent English.

These requirements align with the information provided in the question, where it states that Lacretia needs to be of legal adult age in her country and must reside in an INTERPOL member country.

Additionally, fluency in English is important as it is commonly used as the working language in international organizations like INTERPOL.

Therefore, the correct answer is A.

Learn more about fluency in English here:

https://brainly.com/question/15815463

#SPJ1

I have this assignment on the movie The Founder, i need 6 marketing terms/techniques that were used in the movie, and the meaning. does anyone have any good marketing terms or techniques that were used in the founder? This assignment is due tomorrow.

Answers

The film offers fascinating insight into the early brand strategy that underpinned the legendary McDonald's brand. To the cost of the health of millions of people and the world, what director John Lee Hancock shows about Kroc's impact on our food system and food culture is a much wider story.

What good marketing terms or techniques that were used?

Marketing is about values in my opinion. In this complex and chaotic environment, there is little likelihood that we will be remembered for very long. No business is. Therefore, we must be very explicit about what we want them to know about ourselves.

Therefore, The brothers improved the productivity of the restaurant by using an assembly line, a method that completely transformed the auto industry. It was known as the Speeder System.

Learn more about marketing here:

https://brainly.com/question/28538185

#SPJ1

this year, state a raised revenues by increasing its general sales tax rate from 5 percent to 6 percent. because of the increase, the volume of taxable sales declined from $800 million to $710 million. in contrast, state z raised revenues from its 5 percent sales tax by expanding the tax base to include certain retail services. the volume of services subject to tax was $50 million.

Answers

State A raised its revenue by $2.6 million by increasing the sales tax rate, while State Z raised its revenue by $2.5 million by expanding the tax base to include certain retail services.

State A increased its general sales tax rate from 5 percent to 6 percent. As a result of this increase, the volume of taxable sales declined from $800 million to $710 million. On the other hand, State Z raised revenues by expanding the tax base of its 5 percent sales tax to include certain retail services. The volume of services subject to tax in State Z was $50 million.
The revenue increase in State A, we need to find the difference between the original revenue and the new revenue.
Original revenue in State A = 5% of $800 million = $40 million
New revenue in State A = 6% of $710 million = $42.6 million
Therefore, the revenue increase in State A is $42.6 million - $40 million = $2.6 million.
For State Z, since the tax rate remained the same at 5 percent, the revenue increase is simply 5% of $50 million, which is $2.5 million.
In summary, State A raised its revenue by $2.6 million by increasing the sales tax rate, while State Z raised its revenue by $2.5 million by expanding the tax base to include certain retail services.

Learn more about: revenue

https://brainly.com/question/28558536

#SPJ11

The first paragraph or part of a business letter is the
OA. introduction
OB. addresses
OC. supporting details
OD. conclusion
SUE

Answers

Answer:

introduction

Explanation:

I don't know how to explain

Imagine you got into an auto accident which was your fault and you have 15/30/5 insurance. You did $5,000 damage to the other car, and broke a computer in the other car's trunk worth
$2,000.
There were 3 people in the other car and their medical bills were $12,000
each. The father in the other car also was out of work for a month costing the family $6,000.
In total, you are sued for $49,000.
How much money will the insurance company pay toward the amount you were sued for in this accident?

Answers

Answer:

The insurance company will pay up to a maximum of $25,000 for this accident. This is determined by the limits of the insurance policy, which is 15/30/5. This means that the insurance company will pay up to $15,000 for bodily injury per person ($15,000 x 3 people = $45,000) and up to $30,000 for bodily injury per accident ($30,000). They will also pay up to $5,000 for property damage ($5,000). Therefore, the total amount the insurance company will pay is $15,000 + $30,000 + $5,000 = $50,000. Since the total amount sued for is $49,000, the insurance company will pay the full amount of $49,000.

Explanation:

The insurance provider will cover this accident for a maximum of $25,000. The insurance policy's 15/30/5 limits serve as the basis for this decision. This indicates that the insurance provider will cover bodily injury claims up to the amount of $15,000 per person

What is the insurance?

Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.

($15,000 x 3 people = $45,000) and $30,000 per accident ($30,000). Additionally, they will cover property damage up to $5,000 ($5,000). As a result, the insurance provider will cover a total of $50,000 ($15,000 + $30,000 + $5,000). The insurance provider will cover the full $49,000 since the total amount claimed in the lawsuit is $49,000.

Therefore, The insurance company will pay up to $25,000 toward this accident's expenses.

Learn more about the insurance here:

https://brainly.com/question/28357806

#SPJ2

A private limited company failed. It owed £60,000 in debt. Simon had
£10,000 invested in the company and he had personal assets worth
£100,000. How much could he lose because the company failed? Use
whole numbers only. No pound signs or commas.

Answers

Answer:

£10,000

Explanation:

Simon is a shareholder in a private limited company. As a shareholder, he enjoys limited liabilities to the debts of the company. Limited liabilities means that his obligations to the debts of the business are limited to the amount of capital invested. Should the company fail in meeting its obligations, Simon's liabilities to the company will be a maximum of $10,000, which is the amount he invested.

The limited liabilities feature protects shareholders and investors in private limited companies and corporations from losing more than their contributed capital in case a business fails. Simon's personal assets of $100,000 will not feature in any way.

who will win the fight tomorrow jake paul or ben askren
winner gets brainlest

Answers

Answer:

prolly ben askren  

Explanation:

cause he was an ameture wrestler before

Answer: Ben askren bro  

Explanation:

What time does cash aid get deposited in california?.

Answers

The first day of the month and are available at 6 am PST

Tim Horton wants to raise funds to open a branch of their coffee shop in Trinidad. To raise the funds, Tim Horton would sell bonds 100 $1,000 par value with a coupon interest rate of 6%. The bonds would mature in 15 years and interest would be paid semi-annually. The required rate of return is expected to be 8%.

Requirement:
a) Calculate the value of one bond
b) What is the total amount Tim Horton would raise if all bonds were sold?

Answers

Answer:

a) The value of one bond is $837.08.

b) The total amount Tim Horton would raise if all bonds were sold is $83,708.

Explanation:

a) Calculate the value of one bond

This can be calculated as follows:

Annual coupon = Bond face value * Coupon interest rate = $1,000 * 6% = $60

Annual coupon discount factor = ((1 - (1 / (1 + r))^n) / r) .......... (1)

Where;

r = required semi-annual rate of return = required annual rate of return / number of semi-annual in a year = 8% / 2 = 0.08 / 2 = 0.04

n = number of semi-annuals = number of years * number of semi-annual in a year = 15 * 2 = 30

Substituting the values into equation (1), we have:

Semi-annual coupon discount factor = ((1-(1/(1 + 0.04))^30) / 0.04) = 17.2920333006645

Present value of coupon = ((Annual coupon / number of semi-annual in a year) * Semi-annual coupon discount factor) = (($60 / 2) * 17.2920333006645 = $528.76

Present value of the face value of the bond = Face value of the bond / (1 + r)^n = ($1,000 / (1 + 0.04)^30 = $308.32

Therefore, we have:

Bond value = Present value of coupon + Present value of the face value of the bond = $528.76 + $308.32 = $837.08

Therefore, the value of one bond is $837.08.

b) What is the total amount Tim Horton would raise if all bonds were sold?

Number of bonds expected to be sold = 100

Value of one bond = $837.08

Total amount that would be raised = Number of bonds expected to be sold * Value of one bond = 100 * $837.08 = $83,708

Therefore, the total amount Tim Horton would raise if all bonds were sold is $83,708.

Other Questions
The bread or idli dough risesbecause of? Calculate current assets Sales Revenue $25,000 Accounts Payable $1,200 Accounts Receivable $2,600 Inventory $3,200 Supplies $300 Cost of Goods Sold $16,000 Notes Payable (due in 2 years) $24,000 Equipment $40,000 Accumulated Depreciation $12,000 Land $30,000 Unearned Revenue $1,100 Taxes Payable $1,400 Prepaid Rent (3 months) $2,100 Cash $5,200 Consider a set of d dice each having f faces. We want to find the number of ways in which we can get sum s from the faces when the dice are rolled. Basically, a function ways(d,f,s) should return the number of ways to add up the d dice each having f faces that will add up to s. Let us first understand the problem with an example- If there are 2 dice with 2 faces, then to get the sum as 3, there can be 2 ways- 1st die will have the value 1 and 2nd will have 2. 1st die will be faced with 2 and 2nd with 1. Hence, for f=2, d=2, s=3, the answer will be 2. Using dynamic programming ideas, construct an algorithm to compute the value of the ways function in O(d*s) time where again d is the number of dice and s is the desired sum. Can anyone create a 30 sec speech about why. Homework is bad for students have it be 30-40 words long I will mark brainliest!Sam launched a ball vertically upward from the ground at the same time a bird was on a linear path toward the ground. The equation that models the approximate position, in meters, of the ball is p = - 5t ^ 2 + 18t ; the equation that models the path of the bird is p=-2t+15.Atwhat position should the ball first cross the path of the bird? Choose all the materials that S-waves cannot travel through.-water-solid rock-sand-molten rock-gas A system used to monitor a persons nutritional habits is called a nutrition_______________ help me pls I need answers right now Find the 10th term. 10, 15,20,... what is the product image or the final layer ofa flower business? true or false: international marketers must remember that what appears on the surface of a culture may be different in its cultural meaning because a culture adapts and customizes borrowed cultural facets to its own needs. Find the element that is oxidized and the one that is reduced Si + 2 F2 --> SiF4 Transversal y passes through parallel lines p and s. What is the value of a? In choosing the appropriate project management structure, the best system balances the needs of the ________ with the needs of the ____________. Assume the sample is a random sample from a distribution that is reasonably normally distributed and we are doing inference for a sample mean. Find endpoints of a t-distribution with 0.005 beyond them in each tail if the sample has size n use the table to evaluate each expression. x 1 2 3 4 5 6 f(x) 1 4 3 4 1 1 g(x) 4 5 2 3 4 3 (a) f(g(1)) (b) g(f(1)) (c) f(f(1)) (d) g(g(1)) (e) (g f)(3) (f) (f g)(6) If you know then help me with this one :) research shows that a merit increase in the range of __________ is necessary to serve as a pay motivator. y + 2x = 13y x = 4 Nakul starts his journey to his school by scooter at 9 am and reaches his school at 1 pm. if he drives the scooter at a speed of 30 km/hr. By how much should he increase the speed of the scooter so that he can reach the school by 12 noon ?