Answer:
The yield to maturity of this bond is 6.55%
Explanation:
Yield to maturity is the rate of expected return on a bond which is held until the maturity. It is considered as a long term return and expressed in annual terms.
According to given data
Coupon payment = C = 100,000 x 5.7% = $5,700
Face value = F = 100,000
Price = P = 100,000 x 90% = 90,000
Number of year to mature = 19
Use following formula yo calculate YTM
Yield to maturity = [ C + ( F-P)/n ] / [ (F+P)/2 ]
Yield to maturity = [ $5,700 + (100,000-90,000)/19 ] / [ (100,000+90,000)/2 ]
Yield to maturity = 6,226.32 / 95,000 = 0.0655 = 6.55%
Answer:
B. is much less than the costs to the whole American economy.
Explanation:
When foreign industries are prevented from entering the U.S. Market, the supply of the products that those foreign firms would provide is kept artificially low, in order to benefit domestic producers. This means that prices become more expensive than they should be, affecting all consumers.
For example, if the U.S. barred car imports from Japan, cars would become very expensive, and while the national car industry would benefit, the vast majority of consumers would be harmed by the higher prices.
Answer:
The credit portion of a general journal entry is always recorded first.
Explanation:
A journal entry involves the process of keeping the records of business transactions made by an organization.
The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
Also, the total amount of money credited must equal the total amount of money debited.
The following statements are correct and true about the general journal;
I. The description of a journal entry should include a reference to the source of the information contained in the entry.
II. If goods are purchased on credit, the supplier's invoice number is used as the source document for the transaction.
III. A firm should be able to trace amounts through the accounting records and back to their source documents.
Answer:
There is a positive adjustment of $5,200
Explanation:
Medical expenses
$2,500
State income taxes
$0
Charitable contributions
$5,000
Qualified housing interest
$6,000
Casualty loss
$1,800
Miscellaneous itemized deductions
$0
Total
$15,300
There is a positive adjustment of $5,200
