------------------------------------------------- - 1 of 7 ACST201.A1.001 A $100,000 Bank Bill will mature at the end of 133 days. Find its price, to the nearest cent, assuming: a)9% pa simple interest and a 365 day year. Price = $ b)9% pa simple discount and a 365 day year. Price = $ c)9% pa simple interest and a 360 day year. Price = $ d)9% pa simple discount and a 360 day year.
| | Instructor Explanation: | Chapter 38. | | | | Points Received: | 1 of 1 | | Comments: | | | | 6. | Question : | (TCO 9) Answer the next question(s) on the basis of the following table which indicates the dollar price of libras, the currency used in the hypothetical nation of Libra. Assume that a system of freely floating exchange rates is in place. (1)Quantity of Libras Demanded (billions) | (2)Dollar Price of Libras | (3)Quantity of Libras Supplied (billions) | 100200300400 | $5432 | 32520010075 | The equilibrium dollar price of libras is | | | Student Answer: | | $5.
The dollar value of savings increased at 2 percent, and the value of savings measured in goods increased at 3 percent. c. The dollar value of savings increased at 3 percent, and the value of savings measured in goods increased at 2 percent. d. The dollar value of savings increased at 4 percent, and the value of savings measured in goods increased at 3 percent. 4. If the nominal interest rate is 6 percent and the rate of inflation is 2 percent, then the real interest rate is a.
Question : (TCO 7) Pritchard Company manufactures a product that has a variable cost of $30 per unit. Fixed costs total $1,500,000, allocated on the basis of the number of units produced. Selling price is computed by adding a 20% markup to full cost. How much should the selling price be per unit for 300,000 units? 6.
The real wage and rental price of capital also increase by 10 percent. Question 4 (15 marks) a) Public saving equals T-G. An increase in government spending, G, reduces public saving. b) Private saving equals Y-T-C. An increase in government spending does not affect private saving. c) National saving equals Y-C-G. An increase in government spending reduces national saving by an amount equal to the increase in government spending. d) The equilibrium interest rate increases to bring desired investment into equilibrium with the reduced quantity of national saving.
FV = PV x (1+r)5; $100,000 = $65,000 x (1=r)5; 1.53846 = (1+r)5; (1.53846) 1/5 = 1+r; 1.08998 = 1+r; annual rate = 8.998$ 13. PV of Annjuity = Payment x [1-(1+r)-5]/r; $33,520 = $10,000 x [1-(1+r)-5]/r Period 9nper0 = 5; Payment = $10,000; Present Value (PV) = $33,250; Future Value (FV) = $0; Rate of Return =
The difference resulted from $60,000 of nondeductible premiums on Ajax's officers' life insurance and $40,000 of rental income received in advance. Rental income is taxable when received. Ajax's effective tax rate is 30%. In its Year 2 income statement, what amount should Ajax report as income tax expense-current portion? 5.