Strong feeling its Capitalism.
Answer:
$9,813.54
Explanation:
The face value of the T-bill is $10,000
Return of 1.9%
P= $10,000/1.019
= $9,813.54
Therefore the price you would expect a 6-month maturity Treasury bill to sell for is
$9,813.54 because The face value of the T-bill is $10,000 and the investors can earn a return of 1.9% per 6 months on a Treasury note with 6 months remaining until maturity leading to increase in the return of 1.9% because 1.9% will give us 0.019 plus increase of 1 which will give us 1.019.
Answer:
=$140
Explanation:
At the beginning of the year, the account had a credit(positive balance of $760)
Previously bad debt that has been reinstated, $120
The new balance will be $760 + $120 = $860
adjusting for the written-off accounts
=$860 - $740
=$140
