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Nathan G.
Student at Oklahoma State University
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Finance
TutorMe
Question:

A bond has a face value of $1,000 and pays interest semi-annually. If the market rate is 8%, and the coupon rate is 6%, what is the amount of the coupon payment?

Nathan G.
Answer:

$30. 6% * $1,000 = $60 Payments are semi annual, so: $60 / 2 = $30

Algebra
TutorMe
Question:

What is the slope for the line running through the points (2,3) and (4,6)?

Nathan G.
Answer:

Slope = Change in Y / Change in X Slope = (4-2)/(6-3) Slope = 2/3 or .67

Accounting
TutorMe
Question:

What would the journal entry be for a company that sold $3,000 worth of inventory to a customer on account for $4,000.

Nathan G.
Answer:

Debit: Cost of goods sold $3,000 Credit: Inventory $3,000 Debit: Accounts Recievable $4,000 Credit: Sales Revenue $4,000

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