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2 years ago

A cash advance is _____.

1 answer:

5 0

The answer is option A. Cash Borrowed from the Credit Card Account

Most Credit Card companies provided a service which allow the card holders to withdraw some amount of cash up to a certain limit.

This limit will significantly increase if you have a better type of credit cards. ( Gold Credit Cards limit > Silver Credit Card)

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7. Valuing semiannual coupon bonds Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual paymen

Art [367]

The value of the Treasury note is $849,059.88 and this is selling at a discount.

The value of a treasury note depends on different factors such as:

The initial value
The coupon rate
The value of the yield to maturity

Considering these aspects, let's calculate the value of the treasury note

Initial value: $1,000,000

$1,000,000 x 6% (coupon rate) = $60,000

$60,000 / 2 (the coupon pays twice a year) = $30,000 - This value refers to the payment per period

Let's consider now the number of periods and the yield to maturity

Number of periods: 5 x 2 (the number of periods double) = 10 periods

Yield to maturity or rate: 9.90% / 2 (cash flow decreases by half) = 4.95%

Finally, you can use the PV formula to calculate the value:

PV (4.95%,10,-30000,-1000000) - This part is done in excel program as the original formula is quite complex

PV =$849,059.88

Based on this, the value of the note is $849,059.88, and you can conclude this is selling at a discount because this value is lower than the initial value of 1,000,000.

Learn more in: brainly.com/question/12881737

7 0

2 years ago

Depreciation is the accountant's estimate of the cost of ______ used in the production process matched with the benefits produce

faust18 [17]

Answer:

Fixed assets and equipment

Explanation:

Depreciation is the accountant's estimate of the cost of fixed assets and equipment used in the production process matched with the benefits produced from owning it.

It is the decrease in the value of assets and the method used to reallocate the cost of asset over its useful life span.

Assets can be categorized as :

1. Current

2. Fixed

3. Tangible

4. Intangible assets.

In accounting, there are several standard methods of computing depreciation expense:

1. Fixed percentage

2. Straight line

3. Declining balance methods.

4 0

3 years ago

A country in South America has large reserves of copper and tin. Mining forms the pillar of its economy. A major part of its rev

Ilya [14]

Answer:

B) raw material exporting

Explanation:

Based on the information provided within the question it can be said that this country most likely has a raw material exporting economy. This is a type of economy that focuses mainly on exporting and trading the raw materials which it's host country is rich in. This allows them to make money and import more necessary things that the country needs but can't produce.

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3 years ago

A recent study conducted by the state government attempts to determine whether the voting public supports a further increase in

wolverine [178]

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3 years ago

Select the correct answer. The word intestate means that a person has died with or without a will?

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It means that a person has died without a will.

8 0

3 years ago