Since Eduardo sold 500 shares of Northcote corporation stock on the new York stock exchange. this transaction is known to be occurred in the secondary market.
<h3>What Is a Secondary Market? </h3>
The secondary market is known to be a type of a market where investors are said to come together so as they can be able to buy and sell securities that they are said to have already own.
Note that it is what a lot of people often think of as the "stock market," and as such, Since Eduardo sold 500 shares of Northcote corporation stock on the new York stock exchange. this transaction is known to be occurred in the secondary market.
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: Eduardo sold 500 shares of Northcutt Corporation stock on the New York Stock Exchange. This transaction: Multiple Choice took place in the primary market occurred in a dealer market occurred in the secondary market. involved a proxy
<span>total cost (T.C.) = 5120
cost for material (M.C.) = 2840
installation charge (I.C.) = 1.90/sq. ft.
T.C. = M.C. + I.C. * Area of living room (A)
or, 5120 = 2840 + 1.90 * A
or, A = (5120 - 2840) / 1.90
Area of living room = 1200 sq. ft.</span>
Answer:
E. If a coupon bond is selling at par, its current yield equals its yield to maturity
Explanation:
At par means at face value. A bond may sell at par, below par or above par. A bond that trades at par has a yield that is equivalent to its coupon. Investors expect to have a return that is equal to the coupon for the risk of lending to the bond issuer.
The coupon rate of a bond is equal to its yield to maturity if the purchase price is equal to its par value or face value.
From the paragraph above, this makes option E the best answer for the question.
Answer:
Fees Earned (Dr.) $7,000
Income Summary (Cr.) $7,000
To close the service revenue
Income Summary (Dr.) $7,275
Wages Expense (Cr.) $385
Insurance Expense (Cr.) $1,250
Rent Expense (Cr.) $5,510
Utilities Expense (Cr.) $130
To close all the expenses
Explanation:
Adjusting and closing entries are performed at the end of month to close all business transactions that incurred during the period. These transaction are kind of reversals to close the debit side which reflects the balances in the period.