Options:
a. expenditures - utilities
b. due from library special revenue fund
c. transfer out to library special revenue fund
d. due to library special revenue fund
Answer:
Correct answer is A
Explanation:
The entry that the General Fund make when it sends the bill to the Library Special Revenue Fund should be expenditures - utilities
.
Answer: 0.05628 = 5.628%
The minimum yield that Mary could receive is 5.628%
Explanation:
Using the YTM (yield to maturity) formula
YTM = C + (f - p) /n ÷ (f+p) /2
C = coupon rate ; 4% of 1,100(par value) = 4/100 × 1,100 = 44
f = face value ( par value) = 1,100
P = market price = 1021.50
n = number of years = (10 - 5)= 5years : since the bond could be called at the end of 5 years.
YTM = 44 + (1,100 - 1,021.50)/5 ÷ (1,100+1,021.50)/2
YTM = 44 + ( 78.5)/5 ÷ 2121.5/2
YTM = 59.7/1,060.75
YTM = 0.05628
= 5.628% as the minimum yield Mary could receive.
Answer:
Suppose a firm has been losing money and thus is not paying taxes, and this situation is expected to persist into the foreseeable future. In this case, the firm’s before-tax and after-tax costs of debt for purposes of calculating the WACC will both be equal to the interest rate on the firm’s currently outstanding debt, provided that debt was issued during the past 5 years.
The board needs employees who have transformational qualities as well.
A) money is the scarce resource because you only have enough money for one item
B) movie or pizza
C)?
