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1. On January 1, 2020, Janet buys a bond for P10,000 that will make coupon payments of P600 after each of the following two years and returns its principal of P10,000 at the end of the second year. In other words, it is a standard coupon bond with a 6% annual interest rate making payments once each year. On February 1, 2021, Janet receives her first coupon payment of P600. At that time, the market interest rate bonds like hers has fallen to 4 percent. She sells her bond to Justin at that time, for a price equal to the present value of the bond's payments. How much does Justine pay Janet for the bond?

2.

The following are budgeted data: January February March Sales in units. 15,000 20,000 18,000 Production in units 18,000 19,000 16,000 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. The total number of pounds needed in February is:Eren Retail Company was recently created with a beginning cash balance of P12,000. The owner expects the following for the first month of operations: Cash sales to customers P8,000 Sales on account to customers... P30,000 Cash collected from account customers. P12,000 Cost of merchandise purchased. P35,000 Cash paid for merchandise purchased. P24,500 Cost of merchandise sold P26,600 Cash paid for display cases........ P9,600 Selling and administrative expenses. P4,000 The display cases above were purchased at the beginning of the month and are being depreciated at a rate of P200 per month. This amount is included in the selling and administrative expenses figure above. All other selling and administrative expenses are paid as incurred. Eren wants to maintain a cash balance of P10,000. Any amount below this can be borrowed from a local bank as needed in increments of P1,000. All borrowings are made at month end. In Eren's cash budget for this first month, how much money will Eren need to borrow at month end