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3 years ago

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Which of the following pairs of accounts could not appear in the same adjusting entry? a. Interest Income and Interest Expense b

. Rent Expense and Prepaid Rent c. Fees Earned and Unearned Fees d. Salaries Payable and Salaries Expense

1 answer:

lana [24]3 years ago

3 0

Answer:

the correct answer is

A. Interest Income and Interest Expense

GOOD LUCK

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Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 25 million bottles of wine were sold ev

Solnce55 [7]

Answer:

Explanation:

From the question, we are informed that before the tax, 25 million wine bottles were sold at price of $6 per bottle and that after the tax, 20 million bottles of wine are sold every month and the consumers pay $8 per bottle which include the tax and producers receive $5 per bottle.

The amount of tax on wine will be the difference between the price consumers pay after the tax and the price producers receive. This will be:

= $8 - $5

= $3 per bottle

The tax burden that falls on the consumers will be difference between price paid after tax and the price which is paid before the tax.

= $8 - $6

= $2 per bottle

The tax burden on the producers will be difference between price received before the tax and price received after the tax.

= $6 - $5

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3 years ago

What type of firm helps consumers and businesses build

NISA [10]

Answer: the answer is investment

Explanation: i just did the quiz

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3 years ago

Suppose you will receive $2,000 two years from today (at the end of the second year) and $3,000 five years from today (at the en

tangare [24]

Answer:

$4,021.77

Explanation:

To solve this question find the present value of each cashflow then sum them up.

<u>PV of 2,000 received at year 2;</u>

Using a financial calculator, input the following;

FV = 2,000

I = 6%

N = 2

PMT = 0

then compute present value; CPT PV = $1,779.99

<u>Next, PV of 3,000 received at year 5;</u>

Using a financial calculator, input the following;

FV = 3,000

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3 years ago

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Anna007 [38]

Answer:

Coupon rate = 0.04292 or 4.292%

Explanation:

To calculate the coupon rate of the bond, we will, use the formula for the price of the bond. As the bond is an annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = x

Total periods (n)= 8

r or YTM = 0.051 or 5.1%

The formula to calculate the price of the bonds today is attached.

948 = x * [( 1 - (1+0.051)^-8) / 0.051] + 1000 / (1+0.051)^8

948 = x * 6.437166243 + 671.7045216

948 - 671.7045216 = x * 6.437166243

276.2954784 / 6.437166243 = x

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Thus, the coupon payment on bond is $42.92

As the coupon payment is calculated by multiplying the coupon rate with the face value of the bond, then the coupon rate will be:

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topjm [15]

Trypisum is the correct answer

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