Answer:
b. credit to Gain on Sale of Investments for $2,400.
Explanation:
May 1, 20Y6
Purchase price of Bond = $100
Number of Bond Purchased = $100,000 / 100 = 1,000 per bond
February 1, 20Y7
Sale Price of Bond = $103 per Bond
Gain on Sale = $103 - $100 = $3 per bond
Number of Bond Sold = $80,000 / 100 = 800 bonds
Gain on sold bonds = 800 bonds x $3 per bond = $2,400
Journal Entry Will be as follows:
Dr. Cr.
Cash (800 x 103) $82,400
Gain on sale $2,400
Investment in Bond $80,000
The name of the contract is CALIFORNIA SALES CONTRACT AND CIVIL CODE. This contract is majorly used for purchase of lands in California. The conditions attached to the use of the contract has make it less attractive to people who desire to purchase landed properties in California.
Answer:
Correct option is <u>rises with inflation, leading to an improved allocation of resources
</u>
Explanation:
Relative price variability has a direct relation with Inflation and an increase in Inflation leads to increased relative price variability and effective resources allocation.
Answer:
Explanation:
Current price = Annual coupon*Present value of annuity factor(7.2%,12)+$1000*Present value of discounting factor(7.2%,12)
1142.60=Annual coupon*7.85871162+$1000*0.434172763
1142.60=Annual coupon*7.85871162+434.172763
Annual coupon=(1142.60-434.172763)/7.85871162
Annual coupon = $90.14
Coupon rate=Annual coupon/Face value
=$90.14/$1000
=9.01%
Answer:<u><em>Therefore the current stock price is 
= $44.384</em></u>
Explanation:
Stock price for 
year or 
is as follows:
= ![[\frac{12}{(13-4)}]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B12%7D%7B%2813-4%29%7D%5D)
= $133.33
The current stock price or is
= 
= 
= $44.384
<u><em>Therefore the current stock price is = $44.384</em></u>
