What’s the purpose of balancing or monitoring your checking account?

26. Currently, Bruner Inc.'s bonds sell for $1,250. They pay a $120 annual coupon, have a 15-year maturity, and a $1,000 par val

maksim [4K]

Answer:

2.11%

Explanation:

From the information given; we use the Excel spreadsheet to compute the difference between this bond's YTM(Yield to maturity) and its YTC(Yield to call).

From the diagram; we will see that the

YTM(Yield to maturity) = 8.91%

YTC(Yield to call).= 6.81%

Therefore the difference between this bond's YTM and its YTC = (8.91 - 6.81)%

the difference between this bond's YTM and its YTC = 2.11%

7 0

3 years ago

On January 5, 2020, Sheffield Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumu

andrew11 [14]

Answer:

Sheffield Corporation

Journal Entries

Date Description DR CR

Jan 11 Cash 292,500

Common stock 195,000

Paid in Capital for common stock 97,500

Being the amount received on issue of

Feb 11 Equipment 53,300

Factory Building 152,000

Land 295,000

Prefereed stock 410,000

Paid -in -capital for Preferred stock 90,300

July 29 Treasury stock 25,600

Cash 25,600

Being the payment of own share purchased

Aug 10 Cash 22,400

Retained Earnings 3,200

Treasury stock 25,600

Dec 31 Retained earnings 10,025

Dividend(0.35*19500) 6,825

Treasury stock 3,200

Dec 31 Net Income ( Income Summary) 158,400

Retained Earnings 158,400

Balance sheet as at Dec 31

Equity

Common stock at $10 par value $195,000

7% Preferred Stock 410,000

Paid in capital for common stock 97,500

Paid in capital for Preferred stock 90,300

Retained Earnings ( 158,400-6825-3200) 148,375

941,175

Explanation:

4 0

3 years ago

On January 1, 2020, Harter Company had Accounts Receivable $139,000,

LuckyWell [14K]

Solution and Explanation:

Date Particulars Post ref. Debit ($) Credit ($)

5- Jan Accounts Receivable 20000

Sales revenue 20000

(To record the sales revenue)

5- Jan Notes Receivable 30000

Accounts receivable 30000

(To record the sales revenue)

18- Feb Notes receivable 8000

Sales revenue 8000

(To record the notes receivable and sales revenue)

20- April Cash 20400

Notes receivable 20000

Interest revenue 400

(To record the collection of notes)

30 april Cash 25000

Notes receivable 25000

(to record the collection of payment due)

25 May Notes receivable 6000

Accounts receivable 6000

( To record the note settlement of past due balance)

18- Aug Cash account 8360

Notes receivable 8000

Interest revenue 360

(To record the collection of notes payment)

25- Aug Accounts receivable 6135

Notes receivable 6000

Interest revenue 135

1-Sep Notes receivable 12000

Sales revenue 12000

(To record the note for amount due)

6 0

3 years ago

EuroRail and Swiss Rail are hypothetical railways that have a duopoly on the route that connects the cities of Zurich and Munich

Wittaler [7]

Answer:

Select the answer that best describes the strategies in this game.

Both companies dominant strategy is to add the train.

Does a Nash equilibrium exist in this game?

A Nash equilibrium exists where both companies add a train. (Since I'm not sure how your matrix is set up I do not know the specific location).

Explanation:

we can prepare a matrix to determine the best strategy:

Swiss Rails

add train do not add train

$1,500 / $2,000 /

add train $4,000 $7,500

EuroRail

do not add train $4,000 / $3,000 /

$2,000 $3,000

Swiss Rails' dominant strategy is to add the train = $1,500 + $4,000 = $5,500. The additional revenue generated by not adding = $5,000.

EuroRail's dominant strategy is to add the train = $4,000 + $7,500 = $11,500. The additional revenue generated by not adding = $5,000.

A Nash equilibrium exists because both companies' dominant strategy is to add a train.

7 0

4 years ago

Biloxi Gifts uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general jou

SpyIntel [72]

Solution and Explanation:

The following journal entries are passed in the books of accounts.

Purchase of merchandise on credit - no entry is to be passed

Contribution of automobile to the company:

Date Details debit credit

12- nov Automobiles 17000

TB Capital 17000

( To record contribution of automobile to the company)

Sale of merchandise on credit:

Not recorded in gernal journal

Return of merchandise sold:

Date Details debit credit

19- Nov Sales return and allowances 175

accounts receivable - KM 175

3 0

3 years ago