In an interest rate swap, a financial institution receives 2.5% (semiannual compounding) per year and pays 6-month LIBOR on a principal of $100 million. The swap will last for another 15 months and payments are made every six months. The next exchange will happen in 3 months. 3-, 9-, and 15-month interest rates are 2.25%, 2.5%, and 2.75% respectively (continuous compounding). 6-month LIBOR on last payment day was 2.4% (semiannual compounding). What is the value of the swap to the financial institution

During 2017, sheridan company expected job no. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. sheridan applied overhead based on direct labor cost. actual production required an overhead cost of $260000, $510000 in materials used, and $150000 in labor. all of the goods were completed. what amount was transferred to finished goods?

Big trail running company has started to produce running apparel in addition to the trail running shoes that they have manufactured for years. they feel that a departmental overhead rate would best reflect their overall manufacturing overhead usage. based on research the following information was gathered for the upcoming year: machining department finishing department estimated manufacturing overhead by department $ 600 comma 000 $ 400 comma 000 trail running shoes 440 comma 000 machine hours 11 comma 000 direct labor hours running apparel 60 comma 000 machine hours 39 comma 000 direct labor hours manufacturing overhead is driven by machine hours for the machining department and direct labor hours for the finishing department. at the end of the year, the following information was gathered related to the production of the trail running shoes and running apparel: machining department finishing department trail running shoes 442 comma 000 hours 10 comma 500 hours running apparel 57 comma 000 hours 40 comma 000 hours how much manufacturing overhead will be allocated to the trail running shoes

What is the difference between secure bonds and naked bonds?