Answer:
B) 1.92%
Explanation:
For computing the yield to maturity we need to apply the RATE formula i.e to be shown in the attachment
Given that,
Present value = $104
Future value or Face value = $100
PMT = $100 × 6% = $6
NPER = 1
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
After applying the above formula, the yield to maturity is 1.92%
Answer:
$57,600
Explanation:
The computation of the increase in Piper's deferred income tax liability for this temporary difference is shown below:-
Purchase of voting Common stock of Betz inc. by Piper Corp.= ( Betz's reported earnings - Betz Paid Dividends ) × (Percentage of the voting Common stock of Betz inc.)
= ($720,000 - $240,000) × 40%
= $480,000 × 40%
= $192,000
Now, the rise in Piper's deferred income tax liability for this temporary difference is
Purchase of voting Common stock of Betz inc. by Piper Corp. × enacted tax rate
= $192,000 × 30%
= $57,600
Answer:
The journal entry that is to be recorded on May 1 is shown below:
Explanation:
May 1
The first entry to be posted:
Accounts Receivable A/c...................Dr $5,800
Sales A/c............................................Cr $5,800
As the company made a sale, so the sale is credited and it made against the accounts receivable. Therefore, accounts receivable account is credited.
The second entry to be posted is as:
Costs of goods sold A/c....................Dr $4,000
Merchandise inventory A/c...................Cr $4,000
The cost of the goods sold amounts to $4,000. So, the account of COGS is debited and it is against the inventory. Therefore, the merchandise inventory is credited.
Answer:
Quality is the perhaps the most desired thing in a good or service, however, sometimes, as customers, we have to compromise on quality for a cheaper price.
Personally, I look for quality when I buy a laptop. I have had four laptos in my life. Two of those laptops were HP, and the two other were Lenovo.
I had a good experience with my first HP laptop, so I bought another one years later. That second HP had many technical issues only a few months after the purchase, and a year later I ended up buyina new Lenovo laptop.
That first Lenovo lasted for over 4 years until I replaced it for a new one.
In this case, the lack of quality I have personally experienced with HP has made me ditch the brand altogether.
The main difference of the two is the kind of employers who can offer the saving plans. For 403(b) saving plans, this applies to nonprofit companies, schools, government organizations, hospitals and religious groups. They are exempt of some administrative processes making it less costly compared to 401(k) savings plan. 401(k) savings plan is applied on private companies.
