Answer:
Option (B) If the market rate of interest is 10%, the bonds will issue at a discount
Explanation:
Interest rate risk is defined as the risk changing which, interest rates will affect bond prices. When current interest rates are greater than a bond's coupon rate, the bond will be sold below its face value at a discount. When interest rates are less than the coupon rate, the bond can be sold at a premium--higher than the face value.
Answer:
Provider Service Type Prices Starting At*
Suddenlink Cable $30.00/mo.
DIRECTV Satellite $74.99/mo.
DISH Satellite $64.99/mo.
Grande Communications Cable $54.94/mo.
Explanation:
Provider Service Type Prices Starting At*
Suddenlink Cable $30.00/mo.
DIRECTV Satellite $74.99/mo.
DISH Satellite $64.99/mo.
Grande Communications Cable $54.94/mo.
Answer:
Payroll factor State U:
- commissions $50,000
- fringe benefit package $15,000
Explanation:
State Sales Generated Fiona’s Time Spent There
U $3,000,000 20%
V $4,000,000 50%
X $8,000,000 30%
Sales percentage generated in state U = $3,000,000 / $15,000,000 = 20%
so 20% of the $250,000 commissions should be assigned to state U = $50,000
Time spent in state U = 20% x $75,000 fringe benefits = $15,000 assigned to state U
Given:
march 1: loaned 40,000 to Hewell Company
loan term, 4 months, 6% interest on note.
On March 31, Harper Company should recognize the interest it will earn from the note of Hewell Company.
40,000 x 6% = 2,400 this is the annual interest
2,400 * 1/12 = 200 monthly interest
March 31
Debit Credit
Interest receivable 200
Interest Revenue 200
Answer:
Land $433,350 (debit)
Cash $113,350 (credit)
Note Payable $ 320,000 (credit)
Explanation:
IAS 16 - Cost of Asset includes Purchase Cost and other costs directly incurred in putting the asset in the location and condition intended for use by management.
<u>Calculation of the Cost of Land</u>
Purchase Price: Cash 105,000
: Note 320,000
Delinquent Property tax 2,000
Title Insurance 850
Preparation Costs 5,500
Total 433,350
<u>Journal </u>
Land $433,350 (debit)
Cash $113,350 (credit)
Note Payable $ 320,000 (credit)