Andrea won the Miss Illinois beauty pageant the year she graduated from college. Knowing this, the amount of money she will earn over the course of her adult lifetime is most likely to be MORE THAN that of her peers.
Since she has already won a beauty pageant, it is absolutely clear that she will ear more money than her peers. She will be a unique student among her peers. She might be offered modelling or ad films because of her victory.
Answer:
Price of treasury bond in terms of percentage of face value is 102.106%
Explanation:
Given:
Face value (FV) = $1000
Coupon rate = 7% or 3.5% semi-annually
Coupon payment (PMT) = 1000×0.035 = $35
YTM (rate) = 6.5% or 3.25% semi-annually
Maturity period (nper) = 5×2 = 10 periods
Using PV function to calculate price of treasury bond:
=PV(rate,nper,pmt,FV)
Price of bond is $1021.06 (it is negative as it is a cash outflow)
Price of bond in terms of percentage of face value = 
=102.106%
Answer:
Work in process inventory at April 30 is $4,700
Explanation:
In this question, we apply the cost of goods manufactured formula which is shown below:
Cost of goods manufactured = Opening balance of work in progress + total manufacturing cost - ending balance of work in progress
where,
Total manufacturing cost = Direct material + direct labor + overhead
= $27,000 + $30,000 + $8,000
= $65,000
So, the ending balance work in progress equal to
= $9,000 + $65,000 - $69,300
= $4,700
A credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.
<h3>What do credit do to liabilities?</h3>
In accounting, a credit is always been positioned on the right side of an entry and it effect is that it increases liability, revenue or equity accounts and decreases asset or expense accounts.
Because the state sales tax is seen as expenses, then, a credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.
Read more about liability account
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Answer:
1.08
Explanation:
The computation of the portfolio beta is shown below:
Portfolio beta is
= Invested stock percentage × beta of the stock + Invested stock percentage × beta of the stock + Invested stock percentage × beta of the stock
= 0.50 × 1.50 + 0.30 × 0.90 + 0.20 × 0.30
= 1.08
We simply applied the above formula so that the portfolio beta could come and the same is to be considered