For the following problem, you are given the following t-year spot rates:
year 1 2 3 4 5
spot rate 4% 5% 5.75% 6.25% 6.5%
James and Associates has a line of credit that will permit it to borrow $400,000 in year one; an additional $200,000 in year two for a total of $600,000; and an additional $400,000 in year three for a total of $1,000,000. Under the loan, the interest rate resets at the beginning of each year and is equal to the one-year spot interest rate at the time of reset. James enters into a three year interest rate swap where the notional amount matches the amount available under the line of credit and variable rate matches the rate for the line of credit.
Required:
A) Determine the swap rate.

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Why might a business based on a fad be a good idea? question 2 options: fads bring in the most customers. some fads are longer lasting than expected. fads have made some business owners incredibly wealthy. fads can take a business in a new direction.

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?