Answer: B
Before any actual work is begun you need to have a formal application so there’s something to be worked with.
Answer:
6.32%
Explanation:
Bonds yield amount = $1,030 × 6.14% = $63.242
Coupon rate = Bond yield amount ÷ Par value of the bond = $63.242 ÷ $1,000 = 0.063242, or 6.32%
Therefore, the coupon rate on the bonds must be 6.32%.
Answer:
D. Adding investments plus net income less withdrawals.
Explanation:
This statement is generally used to show the owners capital at the beginning of an investment period which is seen or said to affect or changes in balance sheet at a section termed to be the equity section. It is said to reveal and let a shareholder know the additional and subtractional changes that happens/happened in the shareholders account.
In some certain business kind which ranges from a sole proprietorship type of business to the others, movement in capital occurs as a result of some elements.
Therefore it is seen that net income less withdrawals and also investment adding is been seen after an investors equity statement in the beginning of account balancing.
Answer:
a) Statistical.
Explanation:
The three standard sections of a governmental comprehensive annual financial report are:
- Introductory
- Financial: includes financial statements and notes
- Statistical: include statistical data about relevant financial information and trends, and how they relate to government activities
Answer:
$807,992
Explanation:
issue $902,000 with a 6% semiannual coupon and 10 year maturity. coupon payment = $27,060
if the annual market interest rate = 7.5%, the bonds should be sold at a discount:
issue price = present value of face value + present value of interest payments
- present value of face value = $902,000 / (1 + 3.75%)²⁰ = $431,961
- present value of annuity = $27,060 x {1 - [1 / (1 + 3.75%)²⁰]} / 3.75% = $376,031
issue price = $431,961 + $376,031 = $807,992
the journal entry should be:
Dr Cash 807,992
Dr Discount on bonds payable 94,008
Cr Bonds payable 902,000
