Answer and Explanation:
Debit bad debt expense for $40,000 and credit allowance for uncollectible accounts for $40,000
Answer:
They offer shares and release their company on the stock market to be publicly traded.
Explanation:
Answer:
Operating activities
Explanation:
The operating activities deal with the purchase and sale of merchandise to the customers plus it also involves the expenditure incurred for day to day operations like - wages and salaries expenses, administrative expenses, selling and other general expenses
By performing day to day activities, the company is enabled to generate the revenues through which the company could accomplish its goals and objectives.
Answer:
The answer is $862.35
Explanation:
Explanation:
This is a semiannual paying coupon, meaning interest are paid twice in year.
N(Number of periods) = 30periods ( 15 years x 2)
I/Y(Yield to maturity) = 6 percent
PV(present value or market price) = ?
PMT( coupon payment) = $50
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 30; I/Y = 6; PMT = 50; FV= $1,000; CPT PV= -862.35
Therefore, the market price of the bond is $862.35.
