RJR Nabisco recently experienced a market reevaluation due to a number of tobacco lawsuits. The firm has a bond outstanding with 15 years to maturity, and a coupon rate of 8 percent, with interest being paid semiannually. The required yield to maturity has risen to 16%. What is the price of the RJR Nabisco bond? a) $1,000 b) $804 c) $767 d) $550

Answers

Answer 1

Answer:

d) $550

Explanation:

The computation of the price of the RJR bond is given below;

Given that

Future value assume be $1,000

NPER = 15 × 2 = 30

PMT = $1,000 × 8% ÷ 2 = $40

RATE = 16% ÷ 2 = 8%

The formula is shown below:

=-PV(RATE,NPER,PMT,FV,TYPE)

After applying the above formula, the present value is $550


Related Questions

dự báo thị trường trên các đường bay dự kiến khai thác

Answers

I don’t really know What your saying lol

A company uses a standard-cost system. The company prepared the following budget using normal capacity for the month of May: Direct labor hours 36,000 Variable factory overhead $ 72,000 Fixed factory overhead $162,000 Actual results were as follows: Direct labor hours worked 33,000 Total factory overhead $220,500 Standard DLH allowed for capacity attained 31,500 What is the budget (controllable) variance for May using the two-way analysis of overhead variances

Answers

Answer:

$4,500 favorable

Explanation:

The computation of the budget (controllable) variance for May using the two-way analysis of overhead variances is shown below:

Variable overhead per labor hour os

= $72,000 ÷ 36000

= $2 per hour

Now

Budgeted overhead for actual production is

= (31,500 × $2) + $162,000

= $225,000

So,

Controllable variance is

= Budgeted overhead for actual production - Actual overhead

= $225,000 - $220,500

= $4,500 favorable

Determine whether each description refers to nominal gross domestic product (GDP) or real GDP. A measure of an economy's output using current prices. nominal GDP real GDP A measure of an economy's output using constant prices. real GDP nominal GDP A measure of output that is adjusted for inflation. nominal GDP real GDP A measure of output that is not adjusted for inflation. nominal GDP real GDP

Answers

Answer:

1. Nominal GDP

2. Real GDP

3. Real Gdp

4. Nominal GDP

Explanation:

The description is as follows:

The Nominal GDP is a GDP that could be determined at the present market prices. It is the finished goods and services value generated in the country

While on the other hand the real gdp is the gdp that determines the economic output value adjusted for the change in the price

So based on the above description, the following should be the categorization

1. Nominal GDP

2. Real GDP

3. Real Gdp

4. Nominal GDP

Chrysler has a bond outstanding with eight years remaining to maturity, a coupon rate of 5 percent, and semiannual payments. If the market price of the Chrysler bond is $729.05, what is the yield to maturity

Answers

Answer:

10%

Explanation:

Calculation to determine the yield to maturity

Using financial calculator

FV= 1,000

N=2*8= 16

PMT=$1,000(0.05)/2 =$25 semiannual

PV -$729.05

I/Y = 5% semiannual

YTM=?

Hence,

YTM=10% YTM

Therefore the yield to maturity is 10%

what activity best demonstrates nursing unit managersattention to the ethics standards of practice required of that position

Answers

Answer:

The answer is "Membership on the institution's ethic board ".

Explanation:

Ethical Committees, or similar institutional structures, offer assistance in addressing and supporting a sound choice process in line with the aims, concerns, and interests of members. The participation of the Ethics Board of an institution best shows the care of a nursing management team concerning the ethics code of behavior required for the role.

From June 2008 oil was at a high of $144.78 per barrel. During the period from April 2011 until July of 2014, the price of oil hovered between about $115.32 per barrel and about $105.22 a barrel. Then, starting in August 2014 oil began a precipitous fall in price from the $105.22 to $33.62 a barrel in January 2016. Although the U.S. has great amounts of oil that can be brought out of the ground by “fracking,” by the beginning of 2016 many of the workers in the U.S. oil exploration and drilling industry were out of work and tremendous amounts of oil exploration equipment was sitting in the equivalent of “used car lots” to be sold.

Answers

Answer:

I don't even know big cuh

The supplies account had a beginning balance of $1,823. Supplies purchased during the period totaled $4,344. At the end of the period before adjustment, $286 of supplies were on hand. Prepare the adjusting entry for supplies. If an amount box does not require an entry, leave it blank.

Answers

Answer and Explanation:

The adjusting entry is as follows:

Supplies expense ($1,823 + $4,344 - $286) $5,881

   To supplies payable $5,881

(being the supplies expense is recorded)

Here the supplies expense is debited as it increased the expense and supply payable is credited as it also increased the liabilities

Sah Inc's last free cash flow was $1.75 million. Its free cash flow growth rate is expected to be constant at 25% for 2 years, after which free cash flows are expected to grow at a rate of 6% forever. Its weighted average cost of capital WACC is 12%. Huxley has $5 million in short-term investments and $7 million in debt and has 2 million shares outstanding. What is the best estimate of the current intrinsic stock price

Answers

Answer:

$40.64 per share

Explanation:

The computation of the best estimate of the current intrinsic stock price is given below;

Enterprise value is

= ($1.75 × (1.25)) ÷ (1.12)^1 + ($1.75 × (1.25)^2) ÷ (1.12)^2 + (($1.75 × (1.25)^2 × 1.06) ÷ 0.06) ÷ (1.12)^2

= $42.64 million

now  

market cap = enterprise value - debt + investments

= $42.64 - $7 + $5

= $40.64 million

Now finally  

price = $40.64 million ÷ 1million

= $40.64 per share

When creating a company's security policy, it is not necessary that the scope align with the company's annual information security budget. True False

Answers

Answer:

False, you would want them to align.

Explanation:

In order to sell a product at a profit the product must be priced higher than the total of what it costs you to build the unit, plus period expenses, and plus overhead. At the end of last year the broad cost leader Chester had an Elite product Cake. Use the Inquirer's Production Analysis to find Cake's production cost, (labor materials). Exclude possible inventory carrying costs. Assume period expenses and overhead total 1/2 of their production cost. What is the minimum price the product could have been sold for to cover the unit cost, period expenses, and overhead

Answers

Answer: Hello there is a missing data below is the missing data

                The production cost is $21.45.

answer : 32.175  ≈ $32

Explanation:

Using the Inquirer's Production Analysis to find Cake's production cost, (labor materials).

Period expenses and Overhead = 1/2 production cost

Minimum price = production cost + period cost + overhead cost ( 1/2 production cost )

∴ Minimum price = 21.45 + 10.725

                             ≥ 32.175

an investor purchased a stock one year ago for $58.00. it paid an annual cash dividend of $4.38 and is now worth $65.01. what total return did the investor earn? would the investor have experienced a capital gain? explain.

Answers

Answer:

its 34

Explanation:

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On January 2, 2017, Concrete Master Construction, Inc. issued $500,000, ten-year bonds for $574,540. The bonds pay interest on June 30 and December 31. The face rate is 8% and the market rate is 6%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2017

Answers

Answer:

The carrying value of the bonds after the first interest payment is made on June 30, 2017, is $571,776

Explanation:

The carrying value of the bond after the first interest payment will be calculated as follow

Carrying value of bond = Bond Issuance value - Amortization of Bond premium

Where

Bond Issuance value = $574,540

Amortization of bond premium = Coupon payment - ( Bond issuance value x Market rate ) = ( $500,000 x 8% x 6/12 ) - ( $574,540 x 6% x 6/12 ) = $20,000 - $17,236 = $2,764

Placing values in the formula

Carrying value of bond = $574,540 - $2,764

Carrying value of bond = $571,776

arett Motors is trying to decide whether it should keep its existing car washing machine or purchase a new one that has technological advantages (which translate into cost savings) over the existing machine. Information on each machine follows: Old machine New machine Original cost $9,000 $20,000 Accumulated depreciation 5,000 0 Annual cash operating costs 9,000 4,000 Current salvage value of old machine 2,000 Salvage value in 10 years 500 1,000 Remaining life 10 yrs 10 yrs Refer to Jarett Motors. The $4,000 of annual operating costs that are common to both the old and the new machine are an example of a(n) Select one: a. opportunity cost b. irrelevant cost c. future avoidable cost d. sunk cost

Answers

Answer:

Jarett Motors

The $4,000 of annual operating costs are an example of an

a. opportunity cost

Explanation:

a) Data and Calculations:

                                                        Old machine    New machine

Original cost                                        $9,000              $20,000

Accumulated depreciation                    5,000              0

Annual cash operating costs                9,000                  4,000

Current salvage value of old machine 2,000

Salvage value in 10 years                         500                  1,000

Remaining life                                        10 yrs                  10 yrs

b) The annual operating costs are an example of opportunity cost because the alternative with the old machine will incur an annual operating cost of $9,000 instead of $4,000 with the new machine.  This will translate to a forgone benefit of $5,000 ($9,000 - $4,000) in cost saving if the new machine is purchased.

Use the following information: Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $10,160 Cost of goods sold 8,210 Depreciation 510 Earnings before interest and taxes $1,440 Interest paid 122 Taxable income $1,318 Taxes 461 Net income $857 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $320 $350 Accounts payable $1,730 $1,610 Accounts rec. 1,180 1,080 Long-term debt 1,190 1,390 Inventory 2,080 1,830 Common stock 3,520 3,520 Total $3,580 $3,260 Retained earnings 730 980 Net fixed assets 3,590 4,240 Total assets $7,170 $7,500 Total liab.& equity $7,170 $7,500 What is the quick ratio for 2017?a. 89 times.b. 1.81 times.c. 1.14 times.d. 88 times.e. 2.02 times.

Answers

Answer:

See below

Explanation:

Given the information above, Quick ratio is computed as shown below;

Quick ratio = Quick assets / Current liabilities

Where,

Quick assets = Cash and cash equivalents + Marketable securities + Account receivables

Current liabilities = Bills payable + Accounts payable + Other short term liabilities

From the balance sheet, Quick assets includes cash and account receivables, while Current liabilities includes Accounts payable only

Quick ratio = $350 + $1,080 / $1,610

Quick ratio = $1,430/ $1,610

Quick ratio = 0.89 times

Therefore, the quick ratio for 2017 is 0.89 times

Tip Top Corp. produces a product that requires 11 standard gallons per unit. The standard price is $4.5 per gallon. If 4,500 units required 50,500 gallons, which were purchased at $4.27 per gallon, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance

Answers

Answer:

Explanation:

To calculate the direct material price, quantity, and total variance; we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (4.5 - 4.27)*50,500

Direct material price variance= $11,615 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (11*4,500 - 50,500)*4.5

Direct material quantity variance= $4,500 unfavorable

Total direct material cost variance= 11,615 - 4,500

Total direct material cost variance= $7,115

Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the complexities of many manufacturing processes. Many companies use activity-based costing (ABC) which uses multiple drivers (items that consume resources) rather than just one driver to apply overhead to their activities. With ABC, a company can use a cost driver that has a direct cause/effect relationship in its applied overhead costs. Waterways looked into ABC as a method of costing because of the variety of items it produces and the many different activities in which it is involved. The activities listed below are a sample of possible cost pools for Waterways. Assembling Payroll Billing Plant supervision Digging trenches Product design Janitorial Purchasing materials Machine maintenance Selling Machine setups Testing Molding Welding Packaging For each of the above cost pools, what would be the likely activity cost driver

Answers

Answer:

Waterways Corporation

Cost Pools                       Possible Activity Cost Drivers

Assembling                     Direct labor hours

Payroll                              Number of employees

Billing                               Number of invoices

Plant supervision            Number of factory workers

Digging trenches            Depth of trenches

Product design                Number of designs

Janitorial                          Floor space

Purchasing materials      Units of materials

Machine maintenance    Maintenance hours

Selling                              Units sold

Machine setups              Number of machine setups

Testing                            Testing hours

Molding                            Number of units molded

Welding                            Machine hours

Packaging                        Number of units packaged

Explanation:

a) Cost Pools for Waterways:

Assembling

Payroll

Billing

Plant supervision

Digging trenches

Product design

Janitorial

Purchasing materials

Machine maintenance

Selling

Machine setups

Testing

Molding

Welding

Packaging

Given the following Balance of Payment data for a given​ country: Current Account​ Balance: ​$1,400 Capital Account​ Balance: ​$80. What must be the Financial Account​ Balance: ​$nothing. ​(Enter your answer as an integer. Include the minus sign if necessary.​)

Answers

Answer:

$1,320

Explanation:. Calculation to determine what must be the Financial Account​ Balance

Using this formula

Financial Account​ Balance=Current Account​ Balance-Capital Account​ Balance

Let plug in the formula

Financial Account​ Balance=$1,400-$80

Financial Account​ Balance=$1,320

Therefore the Financial Account​ Balance is $1,320

During 2021, Bramble Corp. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Bramble, converted into common shares of Bramble $ 539000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders 280000 Payment for the early retirement of long-term bonds payable (carrying amount $3929000) 3974000 Proceeds from the sale of treasury stock (on books at cost of $388000) 451000 The amount of net cash used in financing activities to appear in Bramble's statement of cash flows for 2021 should be

Answers

Answer:

the net cash used in financing activities is -$3,803,000

Explanation:

The computation of the net cash used in financing activities is shown below:

= Payment of cash dividend - payment for early retirement + proceeds from the sale of treasury stock

= -$280,000 -$3,974,000 +  $451,000

= -$3,803,000

hence, the net cash used in financing activities is -$3,803,000

WE simply applied the above formula

Calaveras Tire exchanged equipment for two pickup trucks. The book value and fair value of the equipment given up were $20,000 (original cost of $65,000 less accumulated depreciation of $45,000) and $17,000, respectively. Assume Calaveras paid $8,000 in cash and the exchange has commercial substance.

Required:
a. At what amount will Calaveras value the pickup trucks?
b. How much gain or loss will the company recognize on the exchange?

Answers

Answer: B i just got a felling.

Explanation:

The last stage of the strategy-formulating, strategy-executing process is Multiple choice question. implementing and executing the strategy. making corrective adjustments. crafting a strategy. setting objectives.

Answers

Answer: making corrective adjustments.

Explanation:

The strategy-formulating, strategy-executing process allows for companies to come up with strategies and then implement them. The first step would be to actually think about a strategic vision and then set objectives on how the company can go about this vision.

Then the company should craft a strategy to match these objectives. After this is done, the strategy should be implemented and executed. The final step would then be to monitor and evaluate both the internal and external environment of the company so as to make corrective adjustments to the strategy to take advantage of the situation.

You are sitting next to a person in business class on a flight from Los Angeles to Sydney, Australia. You mention to that person that you got your ticket two months ago for only $12,500. The person responds that she bought her ticket two days ago for $7,800. This sometimes happens because airlines often use an approach called:

Answers

Answer:

price discrimination (third degree price discrimination)

Explanation:

Price discrimination is when the same product is sold at different prices to customers in different markets

types of price discrimination

1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.

2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.  

3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students  

Account as a product of antiquity?
Can someone please clearly explain this for me ?
Quick answer..
Kind of need it fast

Answers

Answer:

Egypt used pictures, words, and numbers to keep tabs on agricultural production so that it could feed its ever-increasing population. The accounting system was also used to keep track of ceremonies and religious events, monument and public works projects, as well as labor control.

I like your mom so put me on with her and tell to call me asap. Tell her last night was fun tell her we need to do it again

Assume the following sales data for a company: 2013 $945,000 2012 877,500 2011 650,000 If 2011 is the base year, what is the percentage increase in sales from 2011 to 2012? Group of answer choices 24% 35% 76% 135%

Answers

Answer:

35%

Explanation:

percentage increase in sales from 2011 to 2012 = (sales in 2012 / sales in 2011) - 1

(877,500 / 650,000) - 1 = 0.35 = 35%

During the year, the Fletcher Company experienced the following accounting transactions:

1. Purchased equipment with cash in the amount of $130,000.
2. Purchased supplies on account in the amount of $16,500.
3. Collected $37,000 cash from customers.
4. Paid a cash dividend of $17,000.

Using the accounting equation, record each of the transactions.

Answers

Answer:

Transaction 1

Debit  : Equipment  $130,000

Credit : Cash $130,000

Transaction 2

Debit  : Supplies $16,500

Credit : Account Payable $16,500

Transaction 3

Debit  : Cash $37,000

Credit : Account Receivable  $37,000

Transaction 4

Debit  : Dividend  $17,000

Credit : Cash $17,000

Explanation:

The first step to record transactions is to identify two or more accounts affected by the transaction.

After that determine if the assets, liability or equity of the accounts identified are increasing or decreasing.

Assets increase on the debit side and decrease on the credit side. The opposite applies to liability and equity.

While attending a show you are disturbed by a child behind you who talks incessantly while repeatedly kicking the back of your seat.You respond by occasionally turning around and fidgeting in your seat.What type of conflict-management style are you exhibiting?
A) collaboration
B) competition
C) accommodation
D) avoidance
E) withdrawal

Answers

Answer: avoidance

Explanation:

Conflict avoidance occurs when a person avoids conflict by not reacting to it and rather changes the subject or avoids fighting back.

Since the person doesn't confront the child whom talking incessantly while repeatedly kicking the back of the seat but rather occasionally turns around and fidgets in the seat, then the type of conflict-management style being exhibited is avoidance.

During its first year of operations, Mack's Plumbing Supply Co. had sales of $620,000, wrote off $9,900 of accounts as uncollectible using the direct write-off method, and reported net income of $68,200. Determine what the net income would have been if the allowance method had been used, and the company estimated that 2% of sales would be uncollectible.

Answers

Answer:

$65,700

Explanation:

Calculation to determine Determine what the net income would have been if the allowance method had been used, and the company estimated that 2% of sales would be uncollectible.

Bad debt expense under allowance method = 2% of sales

Bad debt expense under allowance method= 620,000 x 2%

Bad debt expense under allowance method= $12,400

Excess of Bad debt expense under allowance method = Bad debt expense under allowance method - Bad debt expense under direct write off method

Excess of Bad debt expense under allowance method= $12,400 -$9,900

Excess of Bad debt expense under allowance method= $2,500

Net income under allowance method = Net income under direct write off method - Excess of Bad debt expense under allowance method

Net income under allowance method = $68,200 - $2,500

Net income under allowance method =$65,700

Therefore what the net income would have been if the allowance method had been used, and the company estimated that 2% of sales would be uncollectible is $65,700

The idea that an organization should strive to satisfy the needs of consumers while also trying to achieve the organization's goals reflects the

Answers

Answer:

The idea that an organization should strive to satisfy the needs of consumers while also trying to achieve the organization's goals reflects the marketing concept.

Explanation:

The marketing concept is fascinated with the idea of satisfying the customer's wants by producing goods to solve the customer's problem.

The marketing notion states that a business should attempt to meet client wants while pursuing its objectives.

This implies that the marketing concept is the idea that an organization should strive to satisfy customer needs while trying to achieve its goals.

Therefore, the idea that an organization should strive to satisfy the needs of consumers while also trying to achieve the organization's goals reflects the marketing concept.

3) Assume you decide you should invest at least part of your money in large capitalization stocks of companies based in the United States. What are the advantage and disadvantages of choosing the Bledsoe Large company stock fund compared to the Bledsoe s

Answers

Answer:

Advantage : Outperforming the market

Disadvantage : Underperforming in the market

Explanation:

Advantages of choosing Bledsoe Large company stock fund

Bledsoe Large company stock fund is an actively managed fund hence there is the possibility of outperforming in the market as data has shown over the 10 years, when compared with Bledsoe S&P 500 index Fund.

While the disadvantage is also the possibility of underperforming in the market and this is because most mutual funds cannot sustain its outperformance of the market over a very long period of time.

mô tả phong cách quản trị của tiến sĩ Nguyễn Thắng - TGĐ tập đoàn Herbalife

Answers

Answer:

what is this?

Explanation:

Herbalife?

Indicate where the event common stock issued for cash would appear, if at all, on the indirect statement of cash flows. Group of answer choices Operating activities section Investing activities section Financing activities section Does not represent a cash flow

Answers

Answer: Financing activities section

Explanation:

The Financing Activities are refered to as the transactions which affect the long-term liabilities and equity of the company.

In the case if the question given, the common stock that's issued for cash would appear in the financing activities section due to the fact that the activity is related to finance and affects the company.

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Name the above painting and its artist. What was the purpose of equestrian portraits in history? can anyone help meh with this i wasn't paying attention in class when my teacher was explaining how to do this :,) {3/4 x (3/3/4 5/16)} -3/1/3 Which of the following statements is TRUE about body composition?A.Body composition is the percentage of fat to lean body mass.B.Body composition is a measure of one's body weight.C.Body composition is a measure of one's essential body fat.D.Body composition is not a good indicator of overall health.Please select the best answer from the choices provided.ABCD Which of the following inequalities are correct?Some of the numbers involved are shown on the number line below. What fraction is at point A on the number line below? ++ 0 + 1 Use the number pad to enter your answers in the boxes. The need for new trade routes to the east the desirto spread christianity and competition between eroupean countries all contributed to the /A P E X\ Find the perimeter of the figure below, in meters.2.7 m2.7 m*4m Who can fill this whole thing for me PLEASEEEEE IM BEGGING U Plsssss help me!! Brainlist! ASAP, IThis question is going to decide if I fail or not, plsssss There are 2 cups of flour in a batch of pancakes Manny is making 3/2 batches. How can Manny tell if he needs more or fewer than 2 cups of flour? If two angles are both vertical and supplementary, can we determine the angles? Is it possible to be both vertical and complementary? If so, can you determine the angles? Explain how you know ASAP What is 2 (54 + 5 (24 in simplified radical form?Please explain :) Need help with all of these!!! ASAP!!15, 16, 17, 18!!! Which of the following techniques can you not use to make the members of the std namespace available to your code? a. Code a using directive for the namespace b. Code an include preprocessor directives for the members c. Identify the members using fully qualified names d. Code a using declaration for each member I need help transforming the given function describe two ways in which the above law protects citizens against human rights violation PLEASE HELP ASAP !!!!!!!! Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year: Work in Process, January 1 $ 52,400 Work in Process, December 31 38,200 Direct materials used $ 13,700 Total factory overhead 6,700 Direct labor used 27,700 Multiple Choice Chlorophyll is found in plant leaves and absorbs light from the sun to enable plants to perform photosynthesis. Magnesium is an important component of chlorophyll. The concentration of magnesium ions is higher in the root-hair cells of plants than in the soil. Which mechanism of ion uptake would best enable a plant to produce a steady supply of chlorophyll?