An important part of taking meeting minutes is C. PAYING CLOSE AND CAREFUL ATTENTION.
A meeting minutes can be described as a log of chronological event within the meeting. It is a log wherein everything that happened during the meeting is noted. Like who led the meeting, the topics discussed, the questions raised and the answers given. It also records the plans for future discussions and resolutions reached during the meeting.
Answer:
Current yield is 10.3%
Explanation:
Coupon payment = 1000 x 7% = $70 annually
Number of periods = n = 20 years
Yield to maturity = 11% annually
Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Price of the Bond = $70 x [ ( 1 - ( 1 + 11% )^-20 ) / 11% ] + [ $1,000 / ( 1 + 11% )^20 ]
Price of the Bond = $557.43 + $124.03 = $681.46
Current yield is the ration of coupon payment to the price of the bond.
Current Yield = Coupon Payment / Price of Bond = $70 / 681.46 = 0.1027 = 10.3%
Answer:
B) higher than the interest rate.
Explanation:
In the case when the business wants to borrow for a project so the rate of return would be greater than the rate of interest
And in the case when the rate of interest is lesser than the expected return so the investment would look attractive due to this there is a rise in the borrowing for that investment
Hence, the option b is correct
Answer:
The correct answer is option D.
Explanation:
The ethical principles in business are not much different from the ethical principle in general. They are not separately based on some other special rules to judge business conduct. They are judged from the society's perspective of right and wrong.
There are two schools of ethical principles, namely, ethical universalism and ethical relativism. Universalism believe that the concept of right and wrong are universal. While, on the other hand, relativism school believes that they vary according to local customs.
Though universal ethical principles from different societies form a kind of informal contract that all individuals and organizations have to follow.
Failure to observe these principles not only corrode company's reputation but have also other adverse effects and costs involved.
<u>Solution and Explanation:</u>
SC's Depreciable assets for the purpose of financial reporting and income taxes were $40000 and $33000 respectively. Its taxable income is$97000.Temporary difference will be there because of Depreciation.
Temporary Difference=Financial reporting Dep-Income tax depreciation
=40000 minus 33000
=7000
Pretax financial income=taxable income+Temporary Difference
=97000+7000=$104000
Deferred tax liability=7000 multiply 30%=2100
Income tax expense=104000 multiply 30%=31200
Income tax payable=97000 multiply 30%=29100
Dec 31 Income Tax ExpensenA/C Dr. $31200
To Income Tax Payable A/C $ 29100
To Deferred Tax Liability A/C $ 2100
<u>
Answer:b
</u>
Slatter Company
Partial Balance Sheet
December 31, 2013
Noncurrent Liabilities
Deferred Tax Liability $2100
