On September 1, , Expert Materials, issued at 98 plus accrued interest, $800,000 of its 10% bonds. The bonds are dated June 1, 2021, and mature on May 30, 2029. Interest is payable semiannually on June 1 and December 1. At the time of issuance, Expert would receive cash of:

Expert should receive cash of $2.412 billion

Step-by-step explanation:

On September 1, , Expert Materials, issued 3000 bonds at 98 plus accrued interest, $800,000 of its 10% bonds. The bonds are dated June 1, 2021, and mature on May 30, 2029. Interest is payable semiannually on June 1 and December 1. At the time of issuance, Expert would receive cash of:

The amount received is the price of the bonds plus interest from June 1 ( the  day the bonds are dated) to September 1 (the date the bonds are issued)

Amount received = accrued interest(number of bonds)(value of bonds) + bond rate(period)(number of bonds)(value of bonds)

Given that:

accrued interest = 98% = 0.98

number of bonds = 3000

value of bonds = $800000

period = June to September = 3 months = 3/12 years

rate of bonds = 10% = 0.1

Amount received = 0.98(3000)($800000) + 0.10(3/12 year)(3000)($800000) = $2412000000 = $2.412 billion

Expert should receive cash of $2.412 billion

c.   x=2.4cm

step-by-step explanation:

similar triangles are triangles which have the same shape but not the same size. this means their angle measures are equal but their side lengths are not instead they are proportional. to solve, we will set up a proportion and solve.

a proportion is two equal ratios set equal to each other. we form the ratios by finding corresponding sides (sides which match to each other on both triangles by their position). out ratios will be one side of the small triangle over the corresponding side on the big triangle as shown below:

.

to solve the proportion, we'll cross multiply by multiplying numerator with denominator across the equal sign.