Matrix organization structure typically assigns workers two or more supervisors in an effort to make sure multiple dimensions of the business are integrated.
What do you mean matrix organization?
A matrix organization is a structure where there is more than one line of reporting managers.
What is an example of a matrix organization?
In a matrix organization, individuals work across teams and projects as well as within their own department or function. For example, a project or task team established to develop a new product might include engineers and design specialists as well as those with marketing, financial, personnel and production skills.
Learn more about matrix organization here :- https://brainly.com/question/7437866
#SPJ4
one of the reasons that bob is gifted as a salesperson is that he can effectively hide his shrewd competitiveness behind what appears to be a genuine and sincere persona, causing customers seem to instantly trust him. which specific political skill has bob mastered?
Bob's ability to skillfully mask his keen competitiveness is one of the reasons he is excellent as a seller. Bob has acquired a special political skill: seeming earnestness.
The term competitiveness is derived from the word compete. To compete implies to seek for the same object, status, or reward as another person. Competitiveness is the capacity to compete with others for the same goal or prize. Competence does not necessarily imply the capacity to outperform all of your competitors, but rather the desire and readiness to participate in competition; to continue in competition without being booted out or completely overwhelmed.
Businesses compete for the best personnel, raw supplies, consumers, and so on. Similarly, workers and job searchers battle for limited job opportunities and jobs. They are all attempting to stay competitive in order to keep or get jobs. For some people, competitiveness is a natural skill.
Learn more about political skill here
https://brainly.com/question/28303643
#SPJ4
in 2012, nominal gdp per capita in the u.s was $49,922. in colombia, nominal gdp per capita was $7,855 the same year. calculate the ppp-adjusted gdp for colombia if the purchasing power of a given amount of dollars was 41% lower in the u.s. ppp-adjusted gdpcolombia
Calculate Colombia's ppp-adjusted GDP if the purchasing power of a given amount of dollars was 41% lower in the US. Colombia's PPP adjusted GDP is =7855/0.59, which equals $13314.
Gross domestic product (GDP) is a monetary measure of the market value of all final products and services produced and sold by countries within a certain time period. Because of its complicated and subjective nature, this measure is frequently changed before being regarded a credible indication. GDP per capita, on the other hand, does not reflect differences in the cost of living and the inflation rates of the countries; thus, using GDP per capita at purchasing power parity may be more useful when comparing living standards between nations, whereas nominal GDP is more useful when comparing national economies on the international market. Total GDP can also be broken down into the contributions of each industry or sector of the economy.
Learn more about dollars here
https://brainly.com/question/28547396
#SPJ4
pursell bank offers you a five-year loan for $64,000 at an annual interest rate of 6.75 percent. what will your annual loan payment be? (do not round intermediate calculations and round your answer to 2 decimal places
The Annual loan amount payment will be $12,427.42.
This is a form of annuity that involves payment of equal amounts monthly for 5 years. These amount are made up of part of the interest and part of the principal.
Using the annuity formula:
P= Y{1-(1/[1+r]^n)/r}
Where,
P = Initial loan amount
Y = Annual loan amount payment
r= interest rate
n= number of years
Now, let's solve the question, using above formula,
64,000= Y{1-(1/[1+0.0675]^5)/0.068}
Y= 64,000/5.14990
Y= $12,427.42
Hence, the Annual loan amount payment will be $12,427.42.
To Learn more about similar Annual loan amount question:
https://brainly.com/question/14652009
#SPJ4
which ratios measure liquidity? (select all that apply.) multiple select question. debt to asset ratio debt to equity ratio current ratio quick ratio times interest earned ratio
Liquidity is measured by a quick ratio as well as a current ratio.
So, the correct option is C&D.
Both the quick ratio and the current ratio are measures of liquidity. The current ratio simply calculates how many times the current assets can cover the current liabilities by dividing the current assets by the current liabilities. The quick ratio is more conservative and does not factor in inventory when calculating it.
A company's capacity to settle its short-term debt obligations is assessed using a liquidity ratio. These three liquidity ratios—the current ratio, quick ratio, and cash ratio—are the most important ones. Investors and creditors look for a company with a liquidity ratio that is greater than 1.0 when evaluating it. The ability of the business to pay off short-term debt obligations is gauged by liquidity ratios. They can be used to determine a company's ability to settle debts with lenders and pay vendors.
Learn to know more about Liquidity on
https://brainly.com/question/24169321
#SPJ4
which of the following are advantages of secondary research in preparing a business report? (choose every correct answer.)It is usually less time-consuming.It usually costs less than primary research.It provides access to more sources of information.
The following are advantages of secondary research in preparing a business report:
It is usually less time-consuming.It usually costs less than primary researchIt provides access to more sources of information.What is a secondary research?Secondary research relates the short piece, gathering and/or analysis or review of subsisting study. Secondary research is not the same as the primary research in that primary research demands the finding or gathering of raw data, whereas secondary research uses primary research sources as a background or data pool of data for analysis.
Therefore, the correct answer is as given above
learn more about Secondary research: https://brainly.com/question/28809632
#SPJ1
the new production manager at a toy manufacturing company, carl, notices that the production unit has been underperforming. in an attempt to streamline the existing work flow, carl brings in an hr specialist to help him conduct a work flow analysis. carl describes to the specialist the outputs required. what will the hr specialist have carl define next?
The HR specialist will have Carl define the work processes used to generate the end product.
Workflow is a new creative way recently introduced through which one can look at the process and improve them. Evaluation of each task and how it is completed and then one can find ways to improve those tasks. Tasks can be automated, unnecessary steps can be eliminated, and then in the end re-development of the workflow altogether. Documenting and understanding the workflow is the important part, after this data is collected and analyzed and then in deriving possible improvements in the workflow.
To learn more about manufacturing and production unit,
https://brainly.com/question/14892096
#SPJ4
A decrease in the size of a tax is most likely to increase tax revenue in a market with?.
A decrease in the size of a tax is most likely to increase tax revenue in a market with a) elastic demand and elastic supply.
In the field of business, an elastic demand can be described as the increase of demand for a certain product that occurs in the market due to the change that might be occurring in the price of the product. If we decrease the size of the tax, then this means that the elastic demand will increase which will lead to an increase in tax revenue due to elastic demand.
An elastic supply can be described as an increase in the supply of a product. When the tax is decreased for a product, its demand will increase which will cause the elastic supply to become larger. When the elastic supply increases, the tax revenue from that product will increase.
Although a part of your question is missing, you might be referring to this question:
A decrease in the size of a tax is most likely to increase tax revenue in a market with
a) elastic demand and elastic supply.
b) elastic demand and inelastic supply.
c) inelastic demand and elastic supply.
d) inelastic demand and inelastic supply.
To learn more about elastic demand, click here:
https://brainly.com/question/22278222
#SPJ4
rolando saves 8% of his income for a new car. this year he saved $3000 and his salary was $2000 less than in the previous year. what was his salary in the previous year
Rolando’ salary in the previous year is $39,500.
Let us assume ‘s’ to be the salary or income for this year.
And,Let y be last year's salary
Since 8% of the salary is 3000.
So, the equation is 0.08
s = 3000s = 37,500
Now the previous year should be
y = s + 2000y = 37,500 + 2000
= $39,500
Rolando saves 8% of his income for a new car. This year he saved $3000 and his salary was $2000 less than in the previous year. So , $39,500 was his salary in the previous year.
Learn more about savings at : brainly.com/question/24754151
#SPJ4
storico company just paid a dividend of $3.65 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the stock price is $67.25, what required return must investors be demanding on the company's stock? (hint: set up the valuation formula with all the relevant cash flows, and use trial and error to find the unknown rate of return.) (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The required return must investors be demanding on the company's stock is 71.03
D0 = 3.65
D1 = 3.65( 1+ 0.20) = 4.38
D2 = 4.38( 1+ 0.15) = 5.037
D3 = 5.037( 1+ 0.10) = 5.5407
Value of Stock = D/(1+r) +D2 / (1+r)²+ D3/(1+r)³ D3(1+G)/ r-G + (1+r)3
where r = 0.12
G = 0.05
= 4.38 (1 +0.12) 5.037 + (1 +0.12) 5.5407 + (1 + 0.12) + 5.5407(1+0.05) 0.12-0.05 (1 + 0.12) 3
= 71.03
The shares that make up a corporation or company's ownership are known as stock in the financial world. In proportion to the total number of shares, one share of stock represents fractional ownership in the company.The ownership certificates of any company are referred to as "stocks" in general.
Learn more about stock here:
https://brainly.com/question/14649952
#SPJ4
if the marginal cost curve for a firm first declines and then rises, it follows that the marginal product of the variable input group of answer choices is constant. first declines and then rises. first rises and then declines. continually declines. none of the above
The marginal utility of the variable input first increases and then decreases if the margin cost curve for a company first declines and afterwards rises.
What does "marginal cost" mean?The increase in manufacturing expenses brought on by the development of extra product units is referred to as a "marginal cost." That is often referred to as the actual cost of production. By determining the marginal cost, businesses may assess how volume generated influences cost and ultimately earnings.
What advantage does marginal cost provide?The most a consumer will spend on a single additional commodity or service is called the marginal benefit. The marginal benefit typically declines with consumption. The difference in cost for producing one extra good or additional unit of service is known as the marginal cost of production.
To know more about marginal cost visit:
https://brainly.com/question/7781429
#SPJ4
to increase sales of chex cereals, ralston purina offered a free pound of bananas to customers who bought the large-size box. this form of sales promotion is called a
To increase sales of Chex cereals, Ralston Purina offered a free pound of bananas to customers who bought the large-size box. this form of sales promotion is called a Trade Promotion Techniques.
What is Trade Promotion Techniques?
Trade promotion is a marketing strategy that uses special pricing, display fixtures, demonstrations, value-added bonuses, no-obligation freebies, and other incentives to boost product demand at retail businesses. Trade promotions can assist businesses in a number of ways.
A trade promotion is a marketing tactic used by B2B businesses to draw in additional clients. Promotional discounts, financial refunds, and competitions are a few examples of these activities. This marketing strategy is typically used by wholesalers and product brands to forge alliances with companies.
To know more about Trade Promotion Techniques, refer:
https://brainly.com/question/14389380
#SPJ4
external auditors are responsible: multiple choice for finding all intentional misstatements concealed by collusion. for reporting immaterial frauds to a level of management at least one level above the people involved. for authenticating documents. for reporting all frauds to outside agencies or parties.
External auditors are responsible for reporting immaterial frauds to a level of management at least one level above the people involved.
Option B is correct.
What external auditors do?External auditors check guests' account records and express an judgment as to whether fiscal statements are presented fairly in agreement with the applicable account norms of the reality, similar as Generally Accepted Accounting Principles( GAAP) or International Financial Reporting norms( IFRS).
What does an external auditor do on a diurnal base?External auditors conduct independent duties of associations' fiscal statements and exposures. They confirm that fiscal statements don't contain crimes or fraudulent exertion. Companies hire external auditors to insure fiscal statements and exposures remain free of making misstatement.
Learn more about external auditor:
brainly.com/question/24966344
#SPJ4
if the one-year forward rate for the euro is $1.07, while the current spot rate is $1.05, the expected percentage change in the euro is percent. a. 1.90 b. 2.00 c. -1.87 d. none of these are correct.
The expected percentage change in the euro is percent, (a)1.90.
How is the current spot rate determined?The price quoted for immediate settlement on an interest rate, commodity, security, or currency is known as the spot rate. The current market value of an asset that is available for immediate delivery at the time of the quote is known as the spot rate, commonly referred to as the "spot price."
The current market rate for exchanging one currency for another is known as the spot exchange rate. Typically, the currency market determines the spot rate. The discount rate needed to bring a zero-coupon bond's present value (PV) down to its price is used to determine the spot rate.
Decrease = Original - New
Decrease = $1.07 - $1.05 = $0.02.
percentage change = Decrease/original × 100
percentage change = 0.02/1.07 × 100
percentage change = 2/1.07
percentage change = 1.8691588785
percentage change = 1.90%
To learn more about expected percentage change, visit:
https://brainly.com/question/22713857
#SPJ4
what are two characteristics of the digital marketspace? multiple select question. electronic images and offerings ability to use all of one's senses face-to-screen exchange relationships material environment with physical facilities
Electronic images and offerings & face-to-screen exchange relationships are the two characteristics of digital marketspace.
The digital marketspace is a rapidly growing and evolving marketplace that offers businesses and consumers a vast array of goods and services. This marketplace is characterized by its ease of access and its global environment.
Consumers and businesses can connect with one another instantaneously and without barriers, making it a highly efficient and effective way to conduct business. Businesses can reach a larger audience more easily and can conduct transactions more quickly and efficiently.
To know more marketspace, click here.
https://brainly.com/question/7225674
#SPJ4
Pricing approaches that consider the production and marketing costs and then add enough to cover direct expenses, overhead, and profit are known as ______ approaches.
Pricing approaches that consider the production and marketing costs and add enough to cover direct expenses, overhead and profit are known as cost-orientated approaches.
Value is about watching the assembly and promoting values, then adding enough to hide direct expenses, overhead, and profit. Competition-oriented ----- value setter stresses what "the market" is doing is determinant a value.
The undetermined methodology typically referred to as ratio rating, is a value that will manufacture enough revenue to hide all prices at a given production level. Differential cost rating could be an additional competitive methodology for rating a product for market entry.
This methodology considers the direct due expenses of manufacturing. This combined method is named the market-related value approach and is primarily used when valuing residential property.
To learn more cost-oriented approaches, visit here
https://brainly.com/question/25347718
#SPJ4
10. the existence of external economies of scale a) may be associated with a perfectly competitive industry. b) cannot be associated with a perfectly competitive industry. c tends to result in one huge monopoly. d) tends to result in large profits for each firm. e) focuses more on individual firms than the industry as a whole.
The existence of external economies of scale may be associated with a perfectly competitive industry.
Companies benefit from economies of scale when their production becomes more efficient. In order to achieve economies of scale, businesses must increase output while lowering costs. Costs are distributed across a larger number of goods, which is why this happens.
Economies of scale occur when a company's production increases in such a way that per-unit costs are reduced. Internal economies of scale can arise as a result of technological advancements, managerial efficiency, financial capability, monopoly power, or access to large networks.
To know more about Economies of scale, click here.
https://brainly.com/question/15605103
#SPJ4
problem1answered. problem2answered.this problem is current being displayed. problem3 question content areaon july 8, action co. issued a $79,000, 6%, 120-day note payable to scanlon co. assuming a 360-day year, what is the interest expense of the note?
As a result, it is very common for a company to borrow money early on, either from a thank or from a third party, to use for working capital and other business requirements.
It is essential for a business to record the interest expense associated with any borrowings when the company closes its books each month.
On July 8, Alton Company issued 120-day, 6%-interest-bearing $80,000 notes payable to Seller Company. Assume that Seller Company's fiscal year ends on July 31.
How is the interest expense on the note payable calculated?A long-term note payable's annual interest rate and principal balance should be determined. The annual interest expense is calculated by multiplying the balance by the interest rate. To determine the amount of interest to record in a monthly adjusting entry, divide the annual interest expense by 12.
Learn more about working capital here:
https://brainly.com/question/19804046
#SPJ4
the principle of holding individuals accountable for their internal control responsibilities in pursuit of objectives belongs to which of the coso's internal control model's component? group of answer choices control environment. risk assessment. control activities. information and communication.
The principle of holding individuals accountable for their internal control responsibilities in pursuit of objectives belongs to control environment.of the Coso's internal control model's component.
One of the most popular frameworks for designing, implementing, maintaining, and evaluating internal controls is this one. An organisation must achieve the three internal control objectives, show that the five internal control components are in place and functioning, and put the 17 internal control principles described in the framework into practise in order to successfully complete a SOC 1 audit.
The acronym C.R.I.M.E. is frequently used to refer to the five COSO components, which are
control environment, risk assessment, information and communication, monitoring activities, and existing control activities.To know more about Coso's internal control model: https://brainly.com/question/18558435
#SPJ4
well-known manufacturers such as nike, liz claiborne, and puma have decided the most profitable way to dispose of out-of-season and irregular stock is to open stores and sell their own merchandise. these stores are types of:
Although the PAC was registered as "People United Means Action," a backronym, the original meaning of the PUMA acronym
Is Puma still well-liked?They are now among the top sportswear companies in the world and rival companies like Nike and Adidas. Puma is the third-largest sportswear brand in the world by revenue, according to Statista.com. Following what it calls a "dramatic restructuring" of the firm, PPR, the company that owns Puma and several premium labels, including Gucci and Stella McCartney, is rebranding as Kering to better represent its corporate character. Gucci's spring/summer campaign, owned by Kering. For more than 70 years, PUMA has made history by developing quick product designs for the world's quickest athletes. Sports like football, running and exercise, golf, basketball, and motorsports are all improved by our efforts.
To learn more about ' PUMA' refer to
https://brainly.com/question/27134697
#SPJ4
what is a work sheet? multiple choice question. it can help with adjusting and closing accounts and with preparing financial statements. it is a substitute for the general journal. it is a substitute for the general ledger. it is used by external decision makers to report accounting information.
A work sheet is a document that businesses use internally to aid in account adjusting and closing as well as financial statement preparation. - Include columns for the income statement and balance sheet, as well as a trial balance and adjusted trial balance.
On the worksheet, which is a column-based piece of paper or computer spreadsheet, accountants summarize the data required to create the adjusting and closing entries and create the financial statements. Typically, they keep track of the end-of-period entries on these work sheets. Work sheets are not official accounting records; they are merely accounting tools. As a result, work sheets may have different formats; some are written in pencil so that mistakes can be easily fixed. Other worksheets are created using spreadsheet software on personal computers. Every time financial statements are required, whether it is monthly, quarterly, or at the end of the fiscal year, accountants create work sheets.
Learn more about to financial visite here :https://brainly.com/question/26499492
# SPJ4
one of the impacts of maturity transformation is that . group of answer choices it increases the rate of inflation it decreases the rate of inflation relatively liquid assets become relatively illiquid relatively illiquid assets become relatively liquid
one of the impacts of maturity transformation is that relatively illiquid assets become relatively liquid
Borrowers and depositors generally have different maturity preferences for their obligations and investments.
Borrowers typically prefer to borrow for a longer period of time, such as to fund long-term investments in productive assets.
Shorter-term, more liquid assets are generally preferred by investors.
Maturity transformation is an essential economic function of banks and other intermediaries that allows borrowers and investors to meet their varying maturity needs.
Therefore, in essence, maturity transformation is the practice of financial institutions borrowing money for shorter periods of time than they lend it out.
For this to work, the bank must have a high level of market confidence, particularly among its depositors.
A liquid asset is one that can be quickly converted into cash while retaining its market value.
Cash on hand is the most liquid asset, followed by funds available for withdrawal from bank accounts. There is no need for conversion—if your company requires cash, you can get it right away.
For more information on Maturity transformation, visit :
https://brainly.com/question/14734926
#SPJ4
The image shows how a calendar can be used to create a project schedule.
Answer:
The Correct answer is CALENDAR
amc theaters offers customers a package that includes two movie tickets, two small drinks, and one small popcorn, all priced together at $29.99. this pricing technique is called:
Customers may purchase a bundle at AMC cinemas for $29.99 that includes two movie tickets, two small beverages, and one small bag of popcorn. Price bundling is the name of this pricing strategy.
In order to provide two or more items at a cheaper price than if they were sold separately, this marketing tactic is known as price bundling. The package pricing method is well-liked in eCommerce and retail since it provides greater value for the money.
Customers are given a greater perceived value per purchase when prices are bundled. When clients buy a new product, giving them package discounts is a fantastic approach to earning their business.
When price bundling, businesses will sell two products for less than the total prices of the two products alone. Cable TV, mobile plans, and value meal combos from fast food restaurants are typical examples of bundle pricing.
To learn more about Price bundling
https://brainly.com/question/28385126
#SPJ4
another name for inflation that is measured using the cpi is multiple choice question. nominal inflation. real inflation. stagflation. core inflation. headline inflation.
Inflation analyses changes in goods and services while excluding out the food and energy sectors’ prices, which fluctuate more than the other index constituents.The answer is Core inflation.
The prices of all products and services included in the CPl are then used to compute inflation, whereas prices in the food and energy sectors are eliminated for calculating core inflation.We can see long-term price trends thanks to core inflation.policymakers are more worried about than the rate of core inflation. False While core inflation allows us to track trends in price levels, inflation can change quickly due to, for instance, an unexpected change in energy prices, which may only be a seasonal trend and not a long-term price trend.The commodities and services included in the CPI, which are subject to ongoing price shocks, are not included in substantial inflation when utilising the basic measurements of CPI and inflation compared to the difference between inflation measures.The analyst analyses the representative price of the items at the total cost at two points and compares the cost .
To know more about Inflation visit:
https://brainly.com/question/18723320
#SPJ4
absolute liability to pay a negotiable instrument, subject to certain universal or real defenses is known as . group of answer choices secondary liability signature liability warranty liability primary liability
Primary liability, subject to certain universal (actual) defenses, is the whole obligation to pay a negotiable instrument.
A responsibility for which a party is alone accountable is referred to as primary liability. As opposed to primary liability, secondary liability refers to a duty that falls under the purview of another party in the event that the primary party is unable to fulfill it.
This coverage's primary objective is to safeguard you against the harm that may be caused to another driver's property or well-being on the road.
A person who has primary liability for a negotiable instrument is legally obligated to pay the instrument upon presentation, barring any legitimate defenses. The only parties liable in the first instance are manufacturers and acceptors.
To learn more about Primary liability
https://brainly.com/question/20630955
#SPJ4
true or false: personal property can be business property or personal-use property. true false question. true false
when fixed costs remain the same and a product line is discontinued what is the effect on operating income?
When fixed costs remain the same and a product line is discontinued , there will be a decrease in total operating income.
What do you mean by total operating income?
Operating income is an accounting figure that measures the amount of profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS).
Operating income—also called income from operations—takes a company's gross income, which is equivalent to total revenue minus COGS, and subtracts all operating expenses. A business's operating expenses are costs incurred from normal operating activities and include items such as office supplies and utilities.
Let contribution margin be x
and, fixed cost is avoidable
then, there will be a decrease in total operating income.
To know more total operating income from the given link:
https://brainly.com/question/24165947
#SPJ4
in its first year of operations, grace company reports the following: revenue of $60,000 ($52,000 cash received from customers); expenses of $35,000 ($31,000 cash paid toward expenses). net income under the accrual basis of accounting is:
Net income under the accrual basis of accounting is $25,000
Revenue is accounted for when it is earned under this method. In contrast to the cash method, the accrual method records revenue when a product or service is delivered to a customer with the expectation of future payment. To put it another way, money is accounted for before it is received. Similarly, costs for goods and services are recorded before any money is paid for them.
The accrual method records account receivables and payables, which can provide a more accurate picture of a company's profitability, especially over time. It does not account for cash flow.
A company may appear profitable in the long run, but it may face a difficult, significant cash shortage in the short term.
Another disadvantage of the accrual method is that it can be more difficult to use because it requires accounting for items such as unearned revenue and prepaid expenses.
The accrual method is typically required for companies that file audited financial statements and is accepted under the Financial Accounting Standards Boards' generally accepted accounting principles (GAAP).
For more information on the Accrual method, visit :
https://brainly.com/question/29102629
#SPJ4
true or false: although most appraisal assignments involve the valuation of properties with improvement (buildings) on the land, appraisers often must separately value the land.
Although most appraisal assignments involve the valuation of properties with improvements (buildings) on the land, appraisers often must separately value the land. This is a correct statement.
In the context of real estate appraisal assignment refers to an engagement for which a party or individual is retained to act, or would be perceived by the public as acting, as a disinterested entity in rendering an unbiased supportable appraisal. In the appraisal assignments process when the valuation of properties is made, the appraisers must separately value the land with building or construction on it.
You can leran more about valuation of properties at
https://brainly.com/question/14612966
#SPJ4
olmstead industry has 9.40% coupon bonds outstanding with a price of $1,023.58. interest is paid semiannually and the yield to maturity is 8.80%. the par is $1,000. how many years is it until these bonds mature?
4.752 years (approximately 4.8 years) The bond would maturity in 4.752 years.
Applying the yield-to-maturity formula
YTM is equal to C + (fv - pv) /n (fv + pv) /2.
9.40% of the par value is the coupon rate C.
= (9.40/100)× 1000
= $94
Face value (par value) is equal to $1,000.
Price = Pv = $1,023.58
Yield to maturity is equal to 0.0880.
n = how many years before maturity?
Using the formula above;
0.0880= 94 + (1000-1023.58)/n ÷ (1000+1023.58)/2
0.0880= 94 + (-23.58)/n ÷ (2023.58)/2
0.0880= 70 + (-23.58)/n ÷ 1011.79
94 - (23.58)/n = 0.0880 × 1011.79
94 - (23.58)/n =89.03752
-23.58 / n =89.03752 - 94
-23.58 / n = -4.96248 ( Cross multiply)
-23.58 = -4.96248n
Add -4.96248 to both sides.
n = 4.752
The maturity period for the bond is 4.752 years (approximately 4.8years)
To know more about the maturity calculation visit here :
brainly.com/question/15588285
#SPJ4
