It is given in the question the coupon par value, coupon rate and it's current selling value with it's maturity period and we need calculate Yield to maturity of the coupon, to determine how much amount we are going to get from the coupon, when it reaches the maturity period.
Par value of bond 800
coupon rate 12%
SP of bond 904.13
Years to maturity 22
Yield to maturity = [800*0.12+(800-904.13)22] / (800+904.13) / 2
= (96 - 4.73318) / 852.0625 = 0.107113 = 10.71%
The yield to maturity is one of the criteria that bond and fixed income investors most regularly use to assess possible investments.
The YTM, which is based on three important assumptions, is the anticipated yearly rate of return that a bond will receive until maturity.
The return is based on the supposition that the bond buyer kept the debt security until its maturity date.
Principal repayment and all mandatory interest payments were completed on time.
The yield-to-maturity and the coupon payments were both invested at the same rate
In other words, a bond's yield to maturity (YTM) is its internal rate of return (IRR), or the discount rate that brings the bond's present value (PV) of all its future cash flows to par with its current market price.
Therefore, the Yield to Maturity is 10.71%
Your question is incomplete. Kindly refer the missing part below:
Consider a coupon bond that has a par value of $800 and a coupon rate of 12%. The bond is currently selling for $904.13 and has 22 years to maturity. What is the bond's yield to maturity(YTM)?
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washington’s first presidential veto was on hamilton’s bill for a national bank.
true
false
The statement is true because George Washington did indeed veto Alexander Hamilton's bill for a national bank.
In 1791, Hamilton proposed the creation of the First Bank of the United States as a way to stabilize the country's finances and provide a centralized source of credit. However, Washington was hesitant to support the idea and ultimately vetoed the bill, citing concerns over its constitutionality and potential for abuse of power.
This was the first time a president had exercised their veto power, and it set a precedent for future presidential actions. Ultimately, the debate over the national bank played a significant role in shaping the early political landscape of the United States and the balance of power between the federal government and the states.
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Suppose you are buying your first condo for $180,000, and you will make a $15,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6. 5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?.
If we arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6. 5% nominal interest rate, with the first payment due in one month. The monthly payments amount be $1,042.91
Purchase Price of Condo $180,000.00
Down payment $15,000.00
Loan amount $165,000.00
Terms in years 30
Annual interest rate 6.50%
Monthly interest rate 0.5417%
No. of monthly loan payment 360
Monthly payment amount $1,042.91
The term "Monthly Payment Amount" refers to the total of the interest payable under this Note on the portion allocated as Fixed Rate Tranche A at the Fixed Interest Rate in the amounts for each such Payment Date set forth on Annex 1 attached hereto and incorporated herein by this reference or as provided by Payee to Maker in connection with the initial Fixed Interest Rate Interest Period from and including the First Payment Date through the Maturity Date.
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darnell is responsible for reviewing the benefits offered to all employees. he met with several employees individually to get their suggestions, and based on their ideas, developed a package he thought would be most appropriate. which aspect of vroom's decision tree decision-making style did darnell use? a. delegate
The aspect of vroom's decision tree decision-making style that was used by Darnell is consult individual. Hence, Option B is correct.
What is the meaning of decision-making style?The most effective method of decision-making is directed decision-making. Instead of asking others for more information, their decisions are based on their own knowledge, experience, and justification.
Darnell met with a number of employees one-on-one to get their input, and based on their comments, he created a package he believed would be most suitable. Darnell applied the consult individual component of Vroom's decision-tree decision-making method.
Therefore, Option B is correct.
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The complete question has been attached in text form:
Damell is responsible for reviewing the benefits offered to all employees. He met with several employees individually to get their suggestions, and based on their ideas developed a package he thought would be most appropriate. Which aspect of Vroom's decision tree decision-making style did Damell use?
O achievement oriented
O Consult individual
O Face
O Partidate Delegate
How can discussions,projects,campaigns and events support victims of xenophobia
Answer: They can raise awareness
Explanation:
Xenophobic victims have been through a lot of discrimination, hatred, physical abuse in most scenario. What most of them need in most cases are encouragement, opportunities to help them better.
Any project, campaign and event done would also raise awareness to those discriminating against them to understand that there is no need for that, most times some of this programs are for raising the awareness and when these awareness are raised they help the sanity of the environment where this xenophobic activities happen previously.
As a factor of production, oil reserves are counted as:
A.) renewable resource and a part of capital
B.) nonrenewable resource and part of capital
C.) renewable resource and part of land
D.) nonrenewable resource and a part of land
As a factor of production, oil reserves are counted as a renewable resource and part of land. Hence, option C is correct.
What is a renewable resource?Renewable resources cannot run out within the lifespan of a person, whereas nonrenewable resources can. Crude oil is an illustration of a non-renewable resource. Natural reserves will continue to shrink as long as crude oil is continuously mined, making it harder and more expensive to find.
However, because they are constantly replenishing themselves, renewable resources cannot run out. An illustration would be the sun and wind, whose energy may be used to power buildings and residences.
Thus, option C is correct.
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Table 14-1quantityprice0$51$52$53$54$55$56$57$58$59$5refer to table 14-1. Over what range of output is marginal revenue declining?a. 1 to 6 unitsb. 3 to 7 unitsc. 7 to 9 unitsd. Marginal revenue is constant over the entire range of output
To determine over what range of output marginal revenue is declining, we need to first understand what marginal revenue is. Marginal revenue is the additional revenue generated by selling one more unit of a product. In other words, it is the change in total revenue divided by the change in quantity.
Looking at table 14-1, we can see that as quantity increases, the price per unit remains constant at $5. This means that total revenue will increase by $5 for each additional unit sold. However, marginal revenue will decline as quantity increases.
To determine the range of output over which marginal revenue is declining, we need to look for a point where the change in total revenue is less than $5 for each additional unit sold. Based on the table, we can see that this occurs between 3 to 7 units.
For example, when going from 3 to 4 units, the change in total revenue is $5 (from $15 to $20), so the marginal revenue is $5. However, when going from 6 to 7 units, the change in total revenue is only $1 (from $35 to $36), so the marginal revenue is only $1.
Therefore, the answer is b. 3 to 7 units is the range of output over which marginal revenue is declining.
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show the short-run impact of a $2 per unit excise tax imposed on firms in a competitive industry. (assume the industry is in long-run equilibrium before the tax was imposed.) how would the long-run results differ? (explain briefly.) what is the impact on efficiency of the tax?
A $2 tax per unit imposed on businesses in a cutthroat market will, in the short term, result in less supply of goods. Taxes will cause both the producer surplus and the consumer surplus to decline.
The elasticity of the demand and supply curves will, however, determine how much of an impact taxes have..
Leftward sloping supply curve will occur. Given that the demand will remain the same in the short term, this will result in higher pricing. The equilibrium shifts from point up to point down as a result.
Producer surplus in a completely competitive market is zero over the long run since the economy is running at a loss. It will therefore not alter. However, the consumer surplus will decline. Therefore, in the long run, only consumers will be impacted.
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Hich of the following industries is not considered to be defensive?
a pharmaceuticals
b building materials
c food products
d electric power
The correct option is Building materials.
Building materials:
1: a building constructed for long-term usage that is typically walled and roofed (as for a dwelling) 2: the process of putting together materials to form a structure. Synonyms Example Sentences Phrases containing structure Learn More About Construction.Any kind of man-made construction is a structure. It might be a dam or a bridge, for instance. In contrast, a building is a closed construction with walls and a roof.The following structures are included in the definition of a building: Walls, floors, roofs, chimneys, plumbing and drainage systems, fixed constructions, etc. are examples of structural components. Verandas or atriums, balconies, cornices, building projections that extend past the structure's outside walls, etc.Learn more about building materials here brainly.com/question/9779427
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Formulate an email to the marketing manager to consult with them about the project breakdown (Company H&M). Thank you
Subject: Consultation Request: Project Breakdown for Company H&M
Dear [Marketing Manager's Name],
I hope this email finds you well. I am reaching out to request a consultation regarding the project breakdown for our upcoming marketing campaign at Company H&M. As the [Your Position], I believe your expertise and insights would greatly benefit our team in optimizing our strategies.
I would appreciate the opportunity to discuss the project breakdown, including the target audience, campaign objectives, key messaging, and the allocation of resources. Your input would be invaluable in ensuring the success of our marketing efforts.
Please let me know your availability for a meeting, either in person or through a conference call, at your earliest convenience. I look forward to discussing the project details with you.
Thank you for your time and consideration.
Kind regards,
[Your Name]
[Your Position]
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according to anderson, how should we view contemporary economic theories attitudes toward capitalism and freedom?
Anderson, a philosopher and political theorist, argues that contemporary economic theories have an overly narrow and instrumental view of capitalism and freedom.
He suggests that many contemporary economic theories view capitalism as a system solely for the purpose of generating wealth, and freedom as the ability to pursue one's individual interests without interference from others or the government.
Anderson criticizes this view, arguing that it fails to recognize the social and political dimensions of economic activity and the importance of collective action and social solidarity. He calls for a more nuanced and complex understanding of both capitalism and freedom, one that recognizes their interdependence and their role in promoting human flourishing and social justice.
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the Alexander, ages 43 and 44, each earn substantial salaries but do not participate in any type of employer-sponsored qualified retirement plan. Which of the following is true?Group of answer choicesA. The couple can each contribute $6,000 to a traditional IRA and take an $12,000 itemized deduction on their joint Form 1040.B. The couple can each contribute $6,000 to a traditional IRA and take an $12,000 above-the-line deduction on their joint Form 1040.C. The couple can each contribute $3,000 to a traditional IRA and take a $6,000 above-the-line deduction on their joint Form 1040.D. The couple can each contribute $3,000 to a traditional IRA and take a $6,000 itemized deduction on their joint Form 1040.
The Alexander, ages 43 and 44, each earn substantial salaries but do not participate in any type of employer-sponsored qualified retirement plan. option A) "The couple can each contribute $6,000 to a traditional IRA and take a $12,000 above-the-line deduction on their joint Form 1040" is true.
In the given scenario, Alexander, ages 43 and 44, each earn substantial salaries but do not participate in any type of employer-sponsored qualified retirement plan. The couple can each contribute $6,000 to a traditional IRA and take a $12,000 above-the-line deduction on their joint Form 1040. The above statement is true. Above-the-line deductions are those that are subtracted from your gross income before your taxable income is determined. The deduction for the contribution to the Traditional IRA is an above-the-line deduction. The couple can contribute up to $6,000 each to their traditional IRA accounts and take a $12,000 above-the-line deduction on their joint Form 1040.
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Scott states that 80% of people are unhappy with their careers, while 20% are happy. Why do you think people work in jobs they aren't happy with?
Answer: There are many reasons why some people may work in a job they aren’t happy with but a big time one is for the money. Some people need the jobs with higher pay or salary. That is just how life works u have to pay the bills somehow so they live with a unhappy job for the pay. I hope that this helps you!
Explanation:
Specialization can help a country's economy by:
O A. reducing the level of division in its labor force.
O B. increasing its overall opportunity costs.
O C. increasing the cost of its voluntary exchanges.
O D. reducing its need to be self-sufficient.
Answer: reducing its need to be self-sufficient
Answer:
reducing its overall opportunity costs.
Explanation:
A large bakery buys flour in 25 kg bags. The bakery uses an average of' 4,860 bags a year. Preparing an order and receiving a shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag. a) Determine the economic order quantity.
b) What is the average number of bags on hand (i.e., in inventory)?
c) How many orders per year will there be?
d)Calculate the total annual cost of ordering and holding flour.
e)If ordering costs were to increase by 50 percent order, by what percentage would the EOQ change?
a) Economic Order Quantity(EQO):Economic Order Quantity can be calculated using the following formula. \(EOQ = \sqrt{\frac{2DS}{H}}\)Where D = Annual Demand in Units S = Ordering Cost per Order H = Annual Holding Cost per UnitThen EOQ will be: \(EOQ
= \sqrt{\frac{2*4,860*10}{5}}\)= \(\sqrt{19,440}\) = \(139.28\) (approx.)The economic order quantity is 139 bags.b) Average Number of Bags on Hand:To find out the average number of bags on hand, we can use the following formula: \(Average\ number\ of\ bags\ on\ hand = \frac{EOQ}{2}\)= \(\frac{139}{2}\) = \(69.5\) (approx.)The average number of bags on hand is 69.5 bags.c)
Number of Orders per Year:We can find the number of orders per year by using the following formula: \(Number\ of\ Orders\ per\ Year = \frac{D}{EOQ}\)= \(\frac{4,860}{139}\) = \(34.89\) (approx.)So, there will be 34 orders per year.d) Total Annual Cost of Ordering and Holding Flour:Total Annual Cost of Ordering and Holding Flour can be calculated using the following formula:
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two rivers that helped China develop
primero el rio Amarillo (Huang He) en el norte, y más tarde el Yangtze en el sur.
which of the following is not a motive behind introducing the basic principles of insurance? INDEMINITY CONTRIBUTION CORPORATION MITIGATION
The term that is not a motive behind introducing the basic principles of insurance is Corporation. Insurance is a contract between the insurer and the policyholder, whereby the policyholder pays a sum of money as a premium to the insurer in exchange for coverage against a particular risk that may occur in the future.
Principle of indemnity: The insurance policy compensates the policyholder with the exact amount of damage caused by the event. This principle is used in the case of policies such as fire, marine, and motor policies.
Principle of contribution: This principle applies when an individual purchases more than one insurance policy for the same risk. It is a common practice that insurers share the cost of the claim, and this principle enables the insured to claim compensation from all of the policies they have.
Principle of mitigation: The policyholder must take all necessary precautions to avoid any losses that may occur in the future. If the policyholder does not comply with the terms of the policy, the insurer has the right to cancel the policy. This principle is most commonly used in life insurance.
Principle of utmost good faith: This principle requires both the insurer and the policyholder to disclose all material facts related to the policy. The insurer relies on the information provided by the policyholder while issuing the policy. The policyholder must not conceal any material fact that may lead to the rejection of the policy. This principle is used in all insurance policies.
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Brangelina Adoption Agency’s general ledger shows a cash balance of $11,714. The balance of cash in the March-end bank statement is $7,350. A review of the bank statement reveals the following additional information: deposits outstanding of $2,808, bank service fees of $79, and unrecorded electronic funds transfer for utilities of $1,477. Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.)
\begin{tabular}{|l|l|l|l|} \hline Bank balance & $7,350 & Company balance & \\ \hline Deposits outstanding & & Service fees & \\ \hline & & EFT for utilities & \\ \hline Cash balance per reconciliation & & Cash balance per reconciliation & \\ \hline \end{tabular}
To calculate the correct balance of cash at the end of March, we need to adjust the cash balance based on the additional information from the bank statement.
The bank balance provided is $7,350, which represents the cash balance according to the bank statement.
The additional information from the bank statement includes:
Deposits outstanding of $2,808: These are deposits made by Brangelina Adoption Agency that have not yet been recorded by the bank. We need to add this amount to the bank balance.
Bank service fees of $79: These are fees charged by the bank for their services. We need to subtract this amount from the bank balance.
Unrecorded electronic funds transfer (EFT) for utilities of $1,477: This is an electronic payment made by Brangelina Adoption Agency for utilities that has not yet been recorded by the bank. We need to subtract this amount from the bank balance.
Using the provided information, we can calculate the correct balance of cash at the end of March as follows:
Bank balance: $7,350
Deposits outstanding: +$2,808
Bank service fees: -$79
Unrecorded EFT for utilities: -$1,477
Correct balance of cash at the end of March:
$7,350 + $2,808 - $79 - $1,477 = $9,602
Therefore, the correct balance of cash at the end of March for Brangelina Adoption Agency is $9,602.
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cosA=1/2^-1.find the value of A
Answer:
A = 60°
Explanation:
Since cosA = 1/2, to find the value of A, we take the inverse cosine of both sides.
So, cosA = 1/2
So, taking inverse cosine of both sides, we have
cos⁻¹cosA = cos⁻¹(1/2)
So, A = cos⁻¹(1/2)
Using our calculator, taking cosine inverse of one-half, we find that, cos⁻¹(1/2) = 60°
Since cos⁻¹(1/2) = 60° and A = cos⁻¹(1/2)
This implies that A = 60°
So, we find that the value of A is 60°.
Which of the following describes the fundamental attribution error? People seldom make attributions about their own behavior. The likelihood of making an error attributing the behavior of another person increases with your familiarity of that other person We tend to believe that other people have the same beliefs and behaviors that we have. We tend to believe the behavior of other people is caused more by their motivation and ability than by factors beyond their control. We tend to believe that colleagues perform their jobs
The fundamental attribution error refers to the tendency to attribute the behavior of others to internal, dispositional factors rather than considering situational factors.
People tend to overemphasize the role of personal traits, such as personality or character, in explaining someone else's behavior, while underestimating the influence of external circumstances. We tend to believe that the behavior of other people is caused more by their motivation and ability than by factors beyond their control.
This means that when observing someone's behavior, we often assume that their actions are a reflection of their own intentions and capabilities, without adequately considering the impact of external factors like situational constraints or environmental influences.
This bias can lead to misunderstandings and misjudgments, as it overlooks the complexities of human behavior and the contextual factors that may be influencing a person's actions. It is important to recognize this tendency and strive for a more balanced and comprehensive understanding of others by taking into account both internal and external factors when making attributions about their behavior.
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The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
Answer:
The answer should be 600
Explanation:
30x20=600
How to study using a 450 pg online college textbook in which you are asked detailed questions and scenarios.. It's overwhelming.
Answer:
Explanation:
There are many things in life that will seem overwhelming due to the how large and complex all of the data may be. The best way to get through these moments is to divide the task into smaller parts and sit down and dedicate time to it. For such a textbook divide the total amount of pages and read a little bit at a time, take breaks, reflect on what you have read, answer practice questions, and continue to the next group of pages. You will see after getting started that it is not as overwhelming anymore.
Why is the automobile industry considered an oligopoly?
It offers little differentiation within the market.
It has significant barriers to entry.
It is controlled by companies that patent key technology.
It relies on price variation to attract customers.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.
The reasons that the automobile industry is an oligopoly in market economics are because of B. It has significant barriers to entry and F. It is dominated by a few key players.
An oligopoly is a market condition where the possibility of firms colluding with each other exists.Firms in this market are interdependent, especially with regards to pricing.
Oligopolistic firms differentiate their products, and they have few producers.There are barriers to entry.
Thus, an oligopoly limits entries to a few key players who dominate the market.
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Answer:
B: It has significant barriers to entry.
E: It depends on brand loyalty and image to generate sales.
F: It is dominated by a few key players.
Compare the four forms of competition.
Answer:
I
Explanation:
1
Product A
Sales $500,000
Direct costs:
Direct materials $175,000
Direct labor $75,000
Activity Cost Pools Total Cost
Machine-setups $20,000
Special processing $150,000
General factory $200,000
Total overhead costs $370,000
Overhead Cost for Product A Activity Cost Pool (a) Activity Rate (b) Activity (a) × (b)
ABC Cost
Machine-setups $100 per order 100 setups $10,000
Special processing $15 per design 0 Designs 0
General factory $10 per machine-hour 10,000 machine-hours 100,000
Total $ 110,000
What is the product margin of Product A?
The product margin for Product A, given the sales, direct costs, and overhead costs, is $ 140, 000.
How to find product margin ?Product margin, also known as gross margin, is the amount of money left over after deducting the cost of producing a product from the revenue generated by selling that product. It is a measure of the profitability of a product or product line.
The product margin is:
= Sales - Direct costs - Overhead costs
= 500, 000 - 175, 000 - 75, 000 - 110, 000
= $ 140, 000
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In what three ways does the government affect production of goods and services in the US economy?
Selling pest control door-to-door is an example of which marketing philosophy? market orientation sales orientation pricing orientation product orientation place orientation
Selling pest control door-to-door is an example of a sales orientation marketing philosophy.
A sales orientation emphasizes the promotion of products and services to customers, often through aggressive selling techniques such as door-to-door sales, telemarketing, and other forms of direct selling. This approach places a greater emphasis on achieving sales targets and generating revenue, rather than on customer needs and preferences. Sales-oriented companies often use high-pressure sales tactics and may focus less on product quality or customer satisfaction. In the case of selling pest control door-to-door, the salesperson is focused on closing the sale and generating revenue for the company.
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How would you summarize this specific course section that you have just completed? imagine you are describing it to someone and want to encourage them to take it. business foundation
You acquire information, abilities, and experience that will benefit you in both your work and general life.
What does it mean that you as a student should be aware of the course's relevance?
All students need to comprehend why a course's material important, regardless of whether they are merely studying it to fulfill a requirement or because they find it intriguing. This influences their comprehension of how this course links to other knowledge and abilities, as well as their motivation.
What factors do you consider when choosing the best course for you?
The first step in deciding which course to take is to identify your interests and hobbies, but you also need to consider what you have to offer. You must consider whether or not your abilities and expertise are relevant to the program you want to pursue before making your decision.
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which of the following statements is incorrect? group of answer choices tax-deferred plans have an accumulation period and a distribution period. normally, if a retirement plan is funded with dollars that have already been taxed, the distributions will be taxed. during the accumulation period of a qualified retirement plan no taxes are due on the earnings from the plan investments. contributions to retirement plans are often limited in amount.
if a retirement plan is funded with dollars that have already been taxed, is the incorrect statement.
An after-tax contribution is money paid into a retirement or investment account after income taxes on those earnings have already been deducted.
When opening a tax-advantaged retirement account, an individual may choose to defer the income taxes owed until after retiring, if it is a traditional retirement account, or pay the income taxes in the year in which the payment is made, if it is a Roth retirement account.
Some savers, mostly those with higher incomes, may contribute after-tax income to a traditional account in addition to the maximum allowable pre-tax amount. They don't get any immediate tax benefit. This commingling of pre-tax and post-tax money takes some careful accounting for tax purposes.
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Module 5, Cost of Capital
1. The current market price of stock is SR 200, and the stock pays an expected dividend of SR8 with a growth rate of 5%. Determine the cost of common equity.
Calcualtion of Common Equity =Dividend per share/Current market value + Growth rate of dividend
=8/200+5%
=4%+5%
=9%
2. A firm borrows money at 15% interest after taxes and pays 10% for equity. The company raises capital in equal proportions, i.e., 70% debt and 30% equity. Determine the Weightage Average Cost of Capital (WACC) of the Firm.
Computation of the weighted average cost of capital:
WACC = weight of equity * cost of equity + weight of debt * cost of debt
= (0.3*10) + (0.70*15)
= 13.5%
3. Determine the cost for a preferred stock that pays annual dividend SR 6, has issue price SR 40, and incurs flotation costs of SR 3 per share.
Cost of preferred stock = D/(P-F)
where D = Dividend,
P= price of preferred stock
F = Flotation costs
= 6/ (40-3)
= 6/37
= 0.162162 or 16.22%
THIS IS THE QUSIUINOS
4. What Is Optimal Capital Structure? What factors determine optimal capital structure?
Optimal capital structure refers to the most effective blend of debt and equity to finance the business operations. It is the most favorable proportion of debt and equity that maximizes the company's value and earnings.
There are many factors that determine the optimal capital structure, which are as follows: Financial Leverage: The usage of debt to finance the business's operations can increase the earnings and also increase the company's financial risk. A high financial leverage can cause the company to default on the loans or lose its financial flexibility. Tax Rate: A company's tax rate has a significant impact on the capital structure because the interest paid on the debt is tax-deductible. A higher tax rate indicates that the company may benefit from additional debt financing. Cost of Debt: The cost of debt is determined by the company's credit rating. If a firm has a good credit rating, it can borrow at a lower interest rate. A high cost of debt will affect the firm's earnings as the firm may have to pay more in interest. Therefore, the optimal capital structure will depend on the cost of debt and how much the firm can afford to pay on the interest. Cost of Equity: The cost of equity is the minimum return required by shareholders to invest in the firm. It can be influenced by the firm's risk, dividend policy, and the overall economic environment. A high cost of equity can make it difficult for the firm to raise capital and can also affect the firm's share price. Business Risk: Business risk is the level of uncertainty associated with the firm's future earnings. A high business risk can lead to a lower credit rating, which can result in a higher cost of debt. The optimal capital structure will depend on the level of business risk associated with the firm.
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2. In a geometric series the first term is 36, the last term is 16 and the sum of
the series is 76. Determine the common ratio and the number of terms in the
sequence
Explanation:
In a geometric series the first term is 36, the last term is 16 and the sum of
the series is 76. Determine the common ratio and the number of terms in the
sequence