Answer:
1
dr Rent expenses 440
cr Prepaid rent 440
Rent december
2
dr Depreciation expenses 183,33
cr Accumulate depreciation 183,33
Depreciation december
Explanation:
1
dr Rent expenses 440
cr Prepaid rent 440
Rent december
2
dr Depreciation expenses 183,33
cr Accumulate depreciation 183,33
Depreciation december
Answer:
Clarity and accuracy are important parts of writing because it helps people understand what the writer is talking about. You don't want people to read your report or proposals and be confused.
Explanation:
Answer:
Today, the investment is worth $31,997.29
Explanation:
Giving the following information:
An investment offers $5,900 per year for 15 years, with the first payment occurring one year from now. The required return is 6 percent
First, we need to calculate the final value, using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual pay= 5,900
n= 15
i= 0.06
FV= {5,900*[(1.06^15)-1]} / 0.06= $137,328.22
Now, we can determine the present value:
PV= FV/ (1+i)^n
PV= 137,328.22/ 1.06^25= $31,997.29
Require the issuer to set aside assets to pay bonds at maturity.
Bonds that require the issuer to set aside a pool of assets used only to repay the bonds at maturity.
<h3>What is Sinking Fund Bond ?</h3>
A sinking fund is maintained by companies for bond issues, and is money set aside or saved to pay off a debt or bond.
- Bonds issued with sinking funds are lower risk since they are backed by the collateral in the fund, and therefore carry lower yields.
- example may be a company issuing $1 million of bonds that are to mature in 10 years. Given this, it creates a sinking fund and deposits $100,000 yearly to make sure that the bonds are all bought back by their maturity date
Learn more about Sinking Fund Bond here:
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Answer:
$8,200
Explanation:
The amount of asset that is not covered under the insurance policy would not be claimable so if the amount of insurance policy that covers jewelry of worth $1000 and silverware of worth $2,500 then the total claimable insurance would be $3500 ($1000 for both Jewelry and $2500 for silverware).
The jewelry stolen is worth $5200 and out of it $4200 is not claimable because $1000 of this is covered under the insurance policy. Likewise the silverware worth of $6500 has been stolen of which $4000 is not claimable because $2500 of this is covered under the insurance policy.
The claim that would be not covered under the insurance policy would be:
Non claimable insurance amount = ($5,200 - $1,000) + ($6,500 - $2,500)
= $8,200
