Abby sane decided to buy corporate bonds instead of stock. she desired to have the fixed-interest payments. she purchased 9 bonds of meg corporation 11 3/4% at 90.00. as the stockbroker for abby (assume you charge her a $9 commission per bond).

(a) calculate the total cost of the purchase. (round your answer to 2 decimal places. omit the "$" sign in your response.)

total cost $

(b) calculate the total annual interest to be received. (round your answer to 2 decimal places. omit the "$" sign in your response.)

total annual interest $

(c) calculate the current yield. (round your answer to the nearest tenth percent. omit the "%" sign in your response.)

current yield %

Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is

The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)