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vagabundo [1.1K]
3 years ago
6

Callaghan motors' bonds have 10 years remaining to maturity. interest is paid annually; they have a $1,000 par value; the coupon

interest rate is 8 percent; and the yield to maturity is 9 percent. what is the bond's current market price?
Business
1 answer:
Arada [10]3 years ago
4 0
My answered be 20,000
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Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,000 Salaries expense 1,500
matrenka [14]

Explanation:

The preparation of the end December Income statement for Cowboy Law Firm is presented below:

                                          Cowboy Law Firm

                                           Income statement  

Revenue  

Service Revenue $7,900

Total revenues $7,900 (A)

Less: Expenses

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Utilities expense $1,000

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Net income $5,400 (A- B)

4 0
3 years ago
Which of the following best approximates a pure monopoly? rev: 05_15_2018 Multiple Choice
goldfiish [28.3K]

Answer:

3) The only bank in a small town

Explanation:

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5 0
2 years ago
There is a difference between the income tax payable account and the income tax expense account in the financial statement of th
Anit [1.1K]

C. Accounts Payable

Income tax expense is the amount that your company calculates for taxes, whereas income tax payable is the actual amount calculated by the IRS that the company owes which is recorded as a liability in accounts payable until the tax bill is paid off.

5 0
3 years ago
A customer purchases $340 worth of merchandise from The GAP using a gift card. What is the journal entry The Gap records?
OLga [1]

Answer:

Option (d) is correct.

Explanation:

Given that,

Customer purchases $340 worth of merchandise from The GAP using a gift card.

A gift card is having an amount of money that is used by the gift card holder for the purpose of purchasing goods. So, in the books of GAP, the value of gift card is debited as an unearned revenue and the sales revenue is credited.

The journal is as follows:

Unearned revenue A/c Dr. $340

         To sales revenue A/c         $340

(To record the merchandise sold for a gift card)

6 0
3 years ago
If the value of risk-sensitive assets exceeded that of its liabilities, the bank's profit from the interest rate will:_____
Butoxors [25]

Answer:

Increase

Explanation:

The rate of a bank work or performance is mostly acted upon or influenced by the interest payments earned on its assets (loans and investments) relative to the interest paid on its liabilities (deposits). Bank will get profit from increasing interest rates only if the said assets have floating (adjustable) rates.

When the value of risk-sensitive assets is beyond that of its liabilities, the bank would profit from increase in interest rates.

5 0
2 years ago
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