Answer:
The journal entry is shown below.
Explanation:
According to the scenario, the journal entry for the given data are as follows:
Journal entry
Jul.4 Cash A/c Dr $147
Card charges A/c Dr. $3
To Sales revenue A/c $150
(Being card transaction is recorded)
Computation:
Cash = $150 - 2% × $150 = $147
Card charges = $150 × 2% = $3
Answer:
The answer is 6.95%
Explanation:
We are looking for Yield-to-maturity (YTM). YTM can also be called rate of return or discount rate.
Note: The 15 -year bond was bought 2 years ago, meaning it remains 13 years
N(Number of periods) = 26 years ( 13years x 2)
I/Y(Yield to maturity) = ?
PV(present value or market price) = $103
PMT( coupon payment) = $3.65( [(7.3percent ÷ 2)x $100)]
FV( Future value or par value) = $100
We are using a Financial calculator for this.
N= 26; PMT = 3.65; FV= $100; CPT PV= -103, CPT I/Y
I/Y = 3.47.
3.47% is for semiannual rate
Therefore, annual rate is 6.95% (3.47% x 2)
1. A) Because you don't want to be stuck living with your parents until you are 30
2. B) Living and educational expenses
Reason:
I took a test very similar to this a few days ago, and I am a straight-A student.
Answer:
Project Size IRR
A $650,000 14.0%
B 1,050,000 13.5
C 1,000,000 11.2
D 1,200,000 11.0
Explanation:
Based on the information given the set of projects that should be accepted should be the project that has higher Internal rate of return (IRR) than the Weighted average cost of capital (WACC) percentage of 10.8% . Hence, the set of projects that should be accepted are: Project A,B,C,D
Project Size IRR
A $650,000 14.0%
B 1,050,000 13.5
C 1,000,000 11.2
D 1,200,000 11.0
Total $3,900,000
Based on the above we can see that Project A,B,C,D has a total of $3,900,000 which is higher than the retained earnings amount of $2,500,000.
Therefore the set of projects that should be accepted should be Project A,B,C,D
Answer:
Sarah failed to evaluate a potential ethical issue
Explanation:
According to the given scenario, Ethical concerns occur as workers face pressure from their employers to inflate profits or expenditures that include manipulating financial statements. Workers should be morally responsible and not participate in any dishonest behavior that modify the financial statements.
So, the correct answer is Sarah failed to evaluate a potential ethical issue
.
