Answer:
5.52%
Explanation:
For computing the coupon rate we first have to determine the PMT by applying the PMT formula
Given that,
Present value = $954
Future value = $1,000
Rate of interest = 6.2%
NPER = 9 years
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $55.18
Now the coupon rate is
= $55.18 ÷ $1,000
= 5.52%
Explanation:
think the answer is E all of the Above
Answer:
Explanation:
Journal entry is a record of transaction in their respective accounts using the debit and credit system. Debit entry represents an increase and credit a decrease.
S / NO Particulars Debit Credit
1 Cash 200,000
Share stock 200,000
2 Inventory 483,000
Account payable 483,000
3. Account receivable 675,000
Sales 675,000
Cost of goods 405,000
Inventory 405,000
4 Cash 562,000
Account receivable 562,000
5 Account payable 431,000
Cash 431,000
6 Motor Vehicle 39,000
Cash 39,000
7 Rent 25200
Prepaid rent 2100
Cash 27300
8 Operating Expenses 20,000
Cash 18,000
Operating exp payable 2,000
9 Depreciation 2,000
Motor Vehicle 2,000
10 Dividends payable 8500
Cash 8500
The other day, someone asked me about the last time my ethics had been tested at work and how I reacted.
I wasn’t sure how to respond. It’s a good question, and I wanted to answer it. Still, I hesitated to reveal too much about some of the less-than-honest bosses I’ve reported to in the last two decades.
These are bosses who lied, gossiped about their staff to other staff, broke confidences, fudged numbers to governmental agencies, botched payroll tax withholdings and covered it up, and willfully and recklessly turned a blind eye to leadership abuse — for starters.
Answer:
d. Both Ted and Kate are entitled to the dividend.
Explanation:
There are 3 important dates when a corporation declares a dividend:
- The declaration date: in this case June 20th. It is the date when the corporation declares that it will pay a certain cash dividend.
- The date of record: the date of record is one day after the ex-dividend date, which means that the stockholders that the stock until the ex-dividend date will be entitled to receive the dividend. The stockholders that purchase the stock on the record date or any date after the ex-dividend date, will not be entitled to receive the dividend. In this case, the ex-dividend date was July 11th, and both Ted and Kate purchased the stocks before that date.
- The date of payment: the actual date when the dividends are distributed, in this case, August 1st.
