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dalvyx [7]
3 years ago
10

Michelle buys a bond for $5,000. every year that she holds the bond, she'll receive interest payments of $250. the interest rate

on the bond is
a. 2 percent.
b. 5 percent.
c. 40 percent.
d. 20 percent.
Business
1 answer:
RoseWind [281]3 years ago
6 0
This can be solve using the formulaF = P(1 + i)^nwhere F is the future worth of the bondP is the cost of the bondi is the interest raten is the number of years
F = 5000 + 250F = 5250
5250 = 5000( 1 + i)^1solve for ii = 5250/5000 - 1i = 0.05i = 5 %
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Answer:

Bad debt expense $5.125

Explanation:

Initial Balance    

Accounts Receivable  $ 43.000  

Allowance for Uncollectible Accounts   $ 1.250

Entry    

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Accounts Receivable   $ 775

New Balance    

Accounts Receivable  $ 42.225  

Allowance for Uncollectible Accounts   $ 475

Entry Adjustment

Bad debt expense  $ 5.125  

Allowance for Uncollectible Accounts   $ 5.125

END Balance    

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Allowance for Uncollectible Accounts   $ 5.600

7 0
3 years ago
If a utility company were considering an increase in electricity or gas prices in order to cover the costs of a capital investme
Firlakuza [10]

Question:

If an utility company were considering an increase in electricity or gas prices in order to cover the costs of a capital investment, this sector would result in the smallest change in quantity demanded in the long run and thus higher profits. True or false?

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Explanation:

Change in the demand for gasoline and or electricity is primarily set by the number of industrial or bulk users.

Scarce goods are allocated though the help of prices. It is important to note that demand for gasoline or electricity is <u>more elastic in the long term</u>, so small changes in price will alter supply and demand in either direction in the shortrun.

The demand for gas or electricity are by nature <em><u>inelastic.</u></em> This means that when prices go up, demand goes down <em><u>but not by much.</u></em>

It means that in the short term, the individuals cannot alter their lifestyle immediately to adjust for the hike in prices.

To adjust they would have to probably purchase new devices which or cars which consume less gas or electricity.

The effect this has for the company on the overall is that they are able to achieve their aim of recouping their capital investments from the planned increase in price.

Cheers!

8 0
3 years ago
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D.) i had it right on my test
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amm1812

Answer:

The correct answer is letter "B": Order Qualifier.

Explanation:

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5 0
3 years ago
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Answer:

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Copper Corporation

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