Treasury Bonds are generally considered safer than Corporate bonds. Yet both types of fixed income instruments are subject to some sources of risk. Which sources of risk typically affect the price of domestic Corporate Bonds more than Treasury Bonds.

Answers

Answer 1

Answer: Liquidity risk and Default risk.

Explanation:

The sources of risk that affect the price of domestic Corporate Bonds more than Treasury Bonds are the liquidity risk and the default risk.

Treasury bonds are referred to as the government debt securities that typically have more than 20 years of maturity and earn periodic interest until they mature. Corporate bond is the bond that is issued by a corporation.

Corporate bonds typically offer list risk which is why they pay high yields this they've more default risk than the treasury bonds.


Related Questions

Consider the telecommunications, networking, and wireless technologies you use today as a consumer and student. Does your comfort level with changes in these technologies in your personal life influence how comfortable you would be with adapting to new technologies in the workplace? Why or why not?

Answers

Answer:

Yes, people´s comfort level with changes in technology in their personal lives has a great influence over how comfortable they can be with adapting to new technologies in the workplace.

Explanation:

Telecommunications, networking, and wireless technologies are used regularly by most students, as those who are in studying years have grown with those technologies already developed. However, the rapid changes in technology that are common these days can become quite overwhelming, as they require users to constantly readapt to them. For example, our use of email has changed so much in the past years, with so many new lines of communication and new softwares that one has to learn how to use. And the more we get used to readapting, the more comfortable we can be when those changes become part of the workplace. It´s important to be prepared and to have the proper training to ensure the effective use of technology in such a fast-paced technological era.

The difference between a low-cost provider strategy and a focused low-cost strategy is Multiple choice question. the company's willingness to accept a lower profit margin. the uniqueness of the product or service. the size of the company's targeted buyer group. the length of the value chain.

Answers

Answer:

the size of the company's targeted buyer group.

Explanation:

Low cost strategies are used by sellers to gain more patronage of their products. It gives them competitive advantage of having low prices and this will in turn increase sales.

The low-cost provider strategy involves a reduction in prices of all the products a company sells in all locations while still making a profut. An appeal is made to a broad market to attract customers in mass.

The focused low-cost strategy on the other hand involves cost reduction in a targeted niche. It does not appeal to the broad market but rather to a specific customer profile.

So the difference between these two strategies is the size of the company's targeted buyer group.

Dave's Duds reported cost of goods sold of $1,600,000 this year. The inventory account increased by $130,000 during the year to an ending balance of $465,000. What was the cost of merchandise that Dave's purchased during the year?

Answers

Answer:

$1,730,000

Explanation:

Calculation to determine the cost of merchandise that Dave's purchased during the year

COGS $1,600,000

Add: Increase in inventories $130,000

Purchases $1,730,000

($1,600,000+$130,000)

Therefore the cost of merchandise that Dave's purchased during the year is $1,730,000

The financial statements of Apple Inc. in Appendix A contain the following selected accounts, all in thousands of dollars.

Common Stock $35,867
Accounts Payable 49,049
Accounts Receivable 17,874
Selling, General, and Administrative Expenses 15,261
Inventories 4,855
Net Property, Plant, and Equipment 33,783
Net Sales 229,234

Required:
a. What is the increase and decrease side for each account?
b. What is the normal balance for each account?

Answers

Answer:

Apple Inc.

a. The increase and decrease side for each account

                                                                             ($'000) Increase  Decrease

                                                                                              Side          Side

Common Stock                                                 $35,867    Credit      Debit

Accounts Payable                                               49,049    Credit      Debit

Accounts Receivable                                           17,874     Debit       Credit

Selling, General, and Administrative Expenses 15,261     Debit       Credit

Inventories                                                            4,855     Debit       Credit

Net Property, Plant, and Equipment                  33,783     Debit       Credit

Net Sales                                                          229,234     Credit      Debit

b. The normal balance for each account

                                                                             ($'000) Normal Balance

                                                                                             

Common Stock                                                 $35,867    Credit Balance

Accounts Payable                                               49,049    Credit Balance

Accounts Receivable                                           17,874     Debit Balance

Selling, General, and Administrative Expenses 15,261     Debit Balance

Inventories                                                            4,855     Debit Balance

Net Property, Plant, and Equipment                  33,783     Debit Balance

Net Sales                                                          229,234     Credit Balance

Explanation:

Selected Accounts from Appendix A of Apple' Financial Statements:

                                                                             ($'000)

Common Stock                                                 $35,867

Accounts Payable                                               49,049    

Accounts Receivable                                           17,874

Selling, General, and Administrative Expenses 15,261

Inventories                                                            4,855

Net Property, Plant, and Equipment                  33,783

Net Sales                                                          229,234

b) Assets and Expenses increase by debit entries to their accounts, and they decrease by credit entries.  They normally have debit balances.  On the other hand, Liabilities, Equity, Revenue, and Income normally have credit balances.  They increase by credit entries to their accounts and decrease by debit entries.

Williams Company pays each of its two office employees each Friday at the rate of $290 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:

Answers

Answer:

Debit Salaries Expense $1,160 and credit Salaries Payable $1,160

Explanation:

Preparation of the month-end adjusting entry to record the salaries earned but unpaid

Based on the above information given the month-end adjusting journal entry to record the salaries earned but unpaid is:

Debit Salaries Expense $1,160

Credit Salaries Payable $1,160

( 2days * 2 workers *$290 per day = $1,160)

(To record the salaries earned but unpaid)

If someone is engaged in a highly dangerous activity (sky diving or scuba diving), then normally assumption of risk waivers must be signed. Are those waivers always effective, or can you imagine a situation where liability could still be imposed

Answers

Answer:

The signing of assumption of risk waivers cannot serve as a substitute to the insurance of liability hence lawsuit can be filed

Explanation:

liability could be imposed by the person engaged in the dangerous activity if the handler of the activity exhibits some form of negligence or discriminatory behaviors or if the material used is substandard.

The signing of assumption of risk waivers cannot serve as a substitute to the insurance of liability hence lawsuit can be filed

Antitrust regulators are likely to prohibit two firms from merging if: __________.
a. There are sizable synergies to the combination
b. The combined firm will have a large share of the market
c. There are many other firms in industry
d. The combined firm will undercut competitiors with lower prices

Answers

Answer:

If the combined firm will have a large share of the market.

Explanation:

Bottlebrush Company has income from operations of $73,745, invested assets of $245,000, and sales of $1,053,500. Use the DuPont formula to calculate the return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. Round answers to one decimal place. a. Profit Margin fill in the blank 1 % b. Investment Turnover fill in the blank 2 c. Return on Investment

Answers

Answer:

a. Profit margin = Income from operations / Sales

Profit margin = $73,745/$1,053,500

Profit margin = 0.07

Profit margin = 7%

b. Investment turnover = Sales/Invested assets

Investment turnover = $1,053,500/$245,000

Investment turnover = 4.3 times

c. Rate of return on investment = Profit margin * Investment turnover

Rate of return on investment = 7% * 4.3

Rate of return on investment = 30.10%

When he became the president of Jem Incorporated, John Smith changed the date of the weekly payday from the end of the day on Monday to the end of the day on Friday. The company has a weekly payroll of $10 million, and the cost of short-term funds was 13%. If this change delayed check clearing by 1 week, what annual savings were realized

Answers

Answer: $1.3 million

Explanation:

Based on the information given in the question, if this change delayed check clearing by 1 week, then the annual savings that were realized will be:

= Weekly payroll × Cost of short term funds

= $10 million × 13%

= $10 million × 0.13

= $1.3 million

Annual savings realized is $1.3 million.

The real risk-free rate of interest is 3 percent. Inflation is expected to be 4 percent this coming year, jump to 5 percent next year, and increase to 6 percent the year after (Year 3). Assume maturity risk premium is zero, what should be the interest rate on 2-year, treasury securities today

Answers

Answer: 7.5%

Explanation:

Interest rate on 2 year treasury security:

= Real interest rate + Average inflation rate + Maturity risk premium

Average inflation rate = (Inflation rate coming year + Inflation rate next year) / 2

= (4% + 5%) / 2

= 4.5%

Interest rate on 2-year treasury security is:

= 3% + 4.5% + 0%

= 7.5%


A separate company unit responsible for its own cost and revenue is referred to as which of the following?

Answers

Answer:

forming a work team. A company unit responsible for its own costs and profits is referred to as______ -departmentalization. -specialization.

pls mark me the brainliest

Alliance Company budgets production of 24,000 units in January and 28,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $3.00 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 25,200 pounds. What is the budgeted materials needed in pounds for January

Answers

Answer:

Total direct material needed in pounds= 101,400 pounds

Explanation:

Giving the following information:

Each finished unit requires 3 pounds of raw material K that costs $3.00 per pound.

Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials.

The January 1 inventory for this material is 25,200 pounds.

Production:

January= 24,000 units

February= 28,000 units

Direct material budget:

Production= 24,000*3= 72,000 pounds

Desired ending inventory= (28,000*0.35)*3= 29,400 pounds

Total direct material needed in pounds= 101,400 pounds

Purchases= production + desired ending inventory - beginning inventory

Purchases= 101,400 - 25,200

Purchases= 76,200 pounds

Direct material purchase cost= 76,200*3= $228,60

Consider the following stock price and shares outstanding data: Stock Name Price per Share Shares Outstanding (Billion) Lowes $28.80 1.53 Wal-Mart $47.90 4.17 Intel $19.60 5.77 Boeing $75.00 0.79 If you are interested in creatinga value-weighted portfolio of these four stocks, then the percentage amount that you would invest in Lowes is closest to: A) 25% B) 11% C) 20.0% D) 12% E) 8%

Answers

Answer:

B) 11%

Explanation:

We need to determine the total amount to invest in all the stocks in the first place as computed below:

Lowes= $28.80*1.53=$44.06

Wal-Mart=$47.90*4.17=$199.74

Intel=$19.60*5.77 =$113.09

Boeing=$75.00*0.79=$59.25

Total amount invested in the portfolio=$44.06+$199.74+$113.09+$59.25

Total amount invested in the portfolio=$416.14

Lowes' portion of the portfolio=amount invested in Lowes/total portfolio amount

Lowes' portion of the portfolio=$44.06/$416.14

Lowes' portion of the portfolio=11%

Ravelo Corporation has provided the following data from its activity-based costing system:
Activity Cost Pools Estimated Overhead Cost Expected Activity Assembly
$ 498,520 44,000
machine-hours Processing orders $ 54,263 1,100
orders Inspection $ 77,589 1,110
inspection-hours Data concerning the company's product L19B appear below:
Annual unit production and sales 430
Annual machine-hours 990
Annual number of orders 70
Annual inspection hours 20
Direct materials cost $ 37.74 per unit
Direct labor cost $ 10.45 per unit
According to the activity-based costing system, the unit product cost of product L19B is closest to:_________
(Round your intermediate calculations to 2 decimal places.)

Answers

Answer:

$85.56 per unit

Explanation:

Assembly = $498,520 / 44,000 Machine hours

Assembly = $11.33 per machine hour

Processing orders = $54,263 / 1,100 Orders

Processing orders = $49.33 per processing orders

Inspection = $77,589 / 1,100 Inspections

Inspection = $70.54 per inspections

Total Overhead Costs = [990*$11.33] + [70*$49.33] + [20*$70.54]

Total Overhead Costs = $11,217 + $3,453 + $1,411

Total Overhead Costs = $16,081

Overhead Cost per unit = Total Overhead cost / Number of units produced

Overhead Cost per unit = $16,081 / 430 Units

Overhead Cost per unit = $37.37 Per unit

Step-3, Average cost of product L19B

Unit cost of product L19B = Direct Material cost per unit + Direct Labor cost per unit + Overhead costs per unit

Unit cost of product L19B = $37.74 + $10.45 + $37.37

Unit cost of product L19B = $85.56 per unit

You consider buying a share of stock at a price of $12. The stock is expected to pay a dividend of $1.60 next year, and your advisory service tells you that you can expect to sell the stock in 1 year for $14. The stock's beta is 1.2, rf is 15%, and E[rm] = 25%. What is the stock's abnormal return?

Answers

Answer:

3%

Explanation:

The computation of the abnormal return of the stock is shown below:

= Rf + Beta (Rm - Rf)

= 15% + 1.2 (25% - 15%)

= 15% + 12%

= 27%

Now actual return is  

=[ $1.60 + ($14 - $12)] ÷ $12

= 0.3

=  30%

ANd, finally the abnormal return is  

= 30% - 27%

= 3%

Cashan Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 1.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: August 24,500 units September 24,700 units October 24,600 units November 26,400 units December 24,500 units
The company wants to maintain monthly ending inventories of Jurislon equal to 30% of the following month's production needs. On July 31, this requirement was not met since only 10,400 kilograms of Jurislon were on hand. The cost of Jurislon is $4.00 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.
The desired ending inventory of Jurislon for September is:_______.
a. $29,640
b. $29,520
c. $44,460
d. $44,280

Answers

Answer:

Option d ($44,280) is the correct option.

Explanation:

Given:

Maintain monthly inventory,

= 30%

October production,

= 24,600 units

Rate per kg,

= $4

For September month,

The desired ending units will be:

= [tex]Maintain \ monthly \ inventory\times Production \ in \ October[/tex]

= [tex]30 \ percent\times 24600[/tex]

= [tex]7380 \ units[/tex]

The required quantity will be:

= [tex]1.5 \ kg\times Desired \ ending \ units[/tex]

= [tex]1.5 \ kg\times 7380[/tex]

= [tex]11070 \ units[/tex]

hence,

The total price will be:

= [tex]Rate \ per \ kg\times Required \ quantity[/tex]

= [tex]4\times 11070[/tex]

= [tex]44280[/tex] ($)

Purdum Farms borrowed $17 million by signing a five-year note on December 31, 2017. Repayments of the principal are payable annually in installments of $3.4 million each. Purdum Farms makes the first payment on December 31, 2018 and then prepares its balance sheet. What amount will be reported as current and long-term liabilities, respectively, in connection with the note at December 31, 2018, after the first payment is made

Answers

Answer:

6998761626639499r9r9r8ryy

Assuming that periodic inventory records are kept, the ending inventory on a LIFO basis is Group of answer choices $16,440. $17,160. $17,880. $16,640. None of these answer choices are correct.

Answers

Answer:

$16,440.

Explanation:

Please find attached the data used in answering this question

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

the ending inventory would consist of earlier purchased goods

total sales is 20800

total purchases = 26,000

ending inventory = 26,000 - 20800 = 5200

this price of the ending inventory = 3200 x 3.2) + (2000 x 3.1) = $16,440.

                               

E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. If you require a return of 9.75 percent on this stock, how much should you pay today

Answers

Answer:

You would pay approximately $35.00 today

Explanation:

The cost of the stock at the beginning of the year 20

= 20/9.75%

= 20/0.0975

= 205.13 dollars

We find the current price of the stock

= Fv/(1+r)^n

= 205.13/(1+9.75%)¹⁹

= 205.13/1.0975¹⁹

= 205.13/5.86

= $35.00

From this calculation you have to pay 35 Dollars today.

An automobile manufacturing firm decides to meet all its suppliers while planning to manufacture a new automobile that is a minor variant of an existing model in terms of design and performance. The firm wants to provide its loyal customers with automobiles at a low price without compromising on performance. According to authors Crawford and DiBenedetto, this new product falls into the category of ________.

Answers

Question Completion With Options:

O price redemptions

O repositionings

O price exemptions

O cost reductions

Answer:

According to authors Crawford and DiBenedetto, this new product falls into the category of ________.

O cost reductions

Explanation:

According to the declared intention of the automobile manufacturing firm, it is working at providing its loyal customers with low-priced automobiles that still maintain competitive performance.  Therefore, the new product falls into the category of cost reductions, which is a strategic move to ensure that costs do not drive away customers while the company rakes in huge revenue with increased sales volume.

One year ago, Peyton purchased 7,200 shares of Broncos stock for $329,640. Today, he sold those shares for $58.92 a share. What is the total return on this investment if the dividend yield is 2.2 percent

Answers

Answer:

30.90%

Explanation:

total return = dividend yield + price appreciation

price appreciation = (current price per share / previous price per share) - 1

Previous price per share = $329,640 / 7,200 = $45.78

price appreciation = ( $58.92 / $45.78) - 1 = 0.287 = 28.70%

total return = 28.70% + 2.2% = 30.90%

An investment banker agrees to underwrite an issue of 10 million shares of stock for TWResearch, Inc. on a firm commitment basis. The investment banker pays $10.50 per share to TWResearch, Inc. for the 10 million shares of stock. It then sells those shares to the public for $11.20 per share.
If the investment bank can sell the shares for $9.75 per share, what is the profit (loss) to the investment banker?
a) Profit of $1,000,000.
b) Loss of $7,500,000.
c) Profit of $7,000,000.
d) Loss of $7,000,000.\
e) Loss of $1,000,000.

Answers

Answer: b) Loss of $7,500,000.

Explanation:

The total the investment bank paid when underwriting was:

= 10.50 * 10,000,000 shares

= $105,000,000

The total they then sell to the public is:

= 9.75 * 10,000,000

= $97,500,000

The profit is:

= Selling revenue from public - Buying cost from company

= 97,500,000 - 105,000,000

= -$7,500,000

You company requires that all projects yield a return of 12%. You’re the head of a project team developing a new product. The initial investment needed is $500,000 and the expected cashflows from this project will be 70,000 for the next 10 years. Will your project be approved, (generates a return higher than 12%). What cashflow would be required to get your project approved?

Answers

Answer:

initial investment = $500,000

10 cash flows of $70,000

Present value of cash flows = 5.65022 * $70,000 = $395,515.40

NPV = -$500,000 + $395,515.40 = -$104,484.60

The project should be rejected.

In order to approve the project, the cash flows should = $500,000 / 5.65022 = $88,492.13. With these cash flows the NPV = $0.

A stock index currently stands at 107. The risk-free interest rate is 8.75% per annum (with continuous compounding) and the dividend yield on the index is 2.75% per annum. What should the futures price for a 6-month contract be? (Answer with two decimal accuracy. Example: 132.06)

Answers

Answer: $110.25

Explanation:

Futures price is calculated by the formula:

= Strike price * e ^ (risk free interest rate - dividend yield) * annualized time to expiry

= 107 * e^(8.75% - 2.75%) * 6/12 months

= $110.25

eBookItem 7 The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound for butter they supply to the market. Below is the current monthly demand and supply schedules for wholesale butter (in millions of pounds per month). Market for Wholesale Butter Price (dollars per pound) Quantity of Butter Demanded (millions of pounds) Quantity of Butter Supplied (millions of pounds) $0.80 114 70 0.90 111 78 1.00 108 86 1.10 105 94 1.20 102 102 1.30 99 110 1.40 96 118 1.50 93 126 1.60 90 134 1.70 87 142 1.80 84 150 Instructions: Round your answer for price to 2 decimal places. Enter your answers for quantity as a whole number. a. What are the equilibrium price and quantity in the wholesale butter market

Answers

Answer:

The U.S. Department of Agriculture

a. The equilibrium price in the wholesale butter market is:

= $1.20.

b. The equilibrium quantity in the wholesale butter market is:

= 102 million pounds.

Explanation:

a) Data and Calculations:

Market for Wholesale Butter

Price (dollars     Quantity of Butter     Quantity of Butter

 per pound)         Demanded                  Supplied

                      (millions of pounds)    (millions of pounds)

$0.80                      114                                  70

 0.90                       111                                  78

  1.00                     108                                  86

   1.10                     105                                  94

 1.20                     102                                 102

 1.30                       99                                  110

 1.40                       96                                  118

 1.50                       93                                 126

 1.60                       90                                 134

 1.70                       87                                  142

 1.80                       84                                 150

b) The equilibrium price and quantity are the price and quantity at which the quantity of butter demanded in the wholesale butter market equals the quantity of butter supplied in the same market. At this price of $1.20 per pound, the total quantity demanded and supplied equaled 102 million pounds of butter.  At this price and quantity, both consumers and suppliers of butter in the wholesale market go home satisfied.

Consider single-server Q with LIFO (last-infirst-out) services. Suppose that three customers show up at times 5, 6, and 8, and that they all have service times of 4. When does customer 2 leave the system?

a. 3
b. 9
c. 13
d. 17
e. 19a

Answers

Answer:

d. 17

Explanation:

The computation is shown below;

Here the time started i.e. t=0

Therefore there was no customer upto t=5 hour

At t=5

The client first came and as there was no other customer available so we begins service to customer 1

Now  

As service off is 4 hour so service to client 1 will end at

t=9 hour.

Also mid-time at t = 6

That means the client 2 came and at t = 8 the  client 3 came.

Now at t = 9 the service begins for client 3 and end at t = 13 ( 9 + 4)

At t=13 hour, so after four hours it should be 17  

Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 42,000 units and sold 34,000 units at a price of $120 per unit.
Manufacturing costs
Direct materials per unit $ 48
Direct labor per unit $ 18
Variable overhead per unit $ 6
Fixed overhead for the year $ 420,000
Selling and administrative cost
Variable selling and administrative cost per unit $ 12
Fixed selling and administrative cost per year $ 110,000
1a. Assume the company uses absorption costing. Determine its product cost per unit.
1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing.
2a. Assume the company uses variable costing. Determine its product cost per unit.
2b.
Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Answers

Answer:

1a. Product cost per unit if absorption costing is used by the company is $82 per unit.

1b. Net operating income if absorption costing is used by the company is $774,000.

2a. Product cost per unit if variable costing is used by the company is $72 per unit.

2b. Net operating income if variable costing is used by the company is $694,000.

Explanation:

1a. Assume the company uses absorption costing. Determine its product cost per unit.

Fixed overhead per unit = Fixed overhead for the year / Units produce for the year = $420,000 / $42,000 = $10

Product cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit + Fixed overhead per unit = $48 + $18 + $6 + $10 = $82

Therefore, product cost per unit if absorption costing is used by the company is $82 per unit.

1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing.

Note: See number 1b of the attached excel file for the income statement for the year under absorption costing.

From number 1b of the attached excel file, we have:

Net operating income = $774,000

Therefore, net operating income if absorption costing is used by the company is $774,000.

2a. Assume the company uses variable costing. Determine its product cost per unit.

Product cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit = $48 + $18 + $6 = $72

Therefore, product cost per unit if variable costing is used by the company is $72 per unit.

2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Note: See number 2b of the attached excel file for the income statement for the year under variable costing.

From number 2b of the attached excel file, we have:

Net operating income = $694,000

Therefore, net operating income if variable costing is used by the company is $694,000.

How do different careers in the human services relate to one another

Answers

They relate because they all help people and you have to have a licensed degree, and practice

Salge Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $8.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. All other fixed manufacturing overhead costs represent current cash flows. The direct labor budget indicates that 5,300 direct labor-hours will be required in September. The company recomputes its predetermined overhead rate every month. The pre-determined overhead rate for September should be:___.
a. $18.30.
b. $14.10.
c. $8.10.
d. $22.20.

Answers

Answer:

d. $22.20

Explanation:

Calculation to determine what the pre-determined overhead rate for September should be:

Using this formula

Predetermined overhead rate = Variable overhead rate per direct labor hour + Estimated fixed manufacturing overhead/Estimated direct labor hour

Let plug in the formula

Predetermined overhead rate=$8.10 + ($74,730/5,300)

Predetermined overhead rate= $8.10+$14.1

Predetermined overhead rate= $22.20 per direct

Therefore the pre-determined overhead rate for September should be:$22,20

Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 15.7 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers

Answers

Answer:

the rate of interest needed to report to the potential borrower is 14.59%

Explanation:

The computation of the rate of interest needed to report to the potential borrower is given below:

= ((1 +  rate of interest per year)^(1 ÷ number of days in a year) - 1) × number of days in a year

= ((1 + 15.7%)^(1 ÷ 365) -1) × 365

= 14.59%

hence, the rate of interest needed to report to the potential borrower is 14.59%

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