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4 years ago

At the end of the fiscal period the debit balance in the change fund is reported as a(n)

1 answer:

6 0

The debit balance at the end of the fiscal year becomes a remaining amount of the revenue (expense) or a deficit from the estimated revenue. This is reported on the income statement and followed on the next report that should be addressed on to the future revenue.

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Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.63 percent and semiannual payments. The bond mature

Butoxors [25]

Answer:

Market price of Bond = $4603.116669 rounded off to $4603.12

Explanation:

To calculate the price of the bond, we need to first calculate the coupon payment per period. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = 5000 * 0.0363 * 1/2 = $90.75

Total periods (n)= 23 * 2 = 46

r = 4.17% * 1/2 = 2.085% or 0.02085

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

Bond Price = 90.75 * [( 1 - (1+0.02085)^-46) / 0.02085] + 5000 / (1+0.02085)^46

Bond Price = $4603.116669 rounded off to $4603.12

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4 years ago

The _____ is used to measure price changes in commonly used goods and services, such as food and housing. real inflation, hyperi

Marina CMI [18]

Consumer price index is correct hope i am brainliest i need it

5 0

3 years ago

Refer to the table above. Which of the following scenarios is consistent with this statement? "The rate of inflation was 23.75 p

Firlakuza [10]

Answer:

C. The price of a hamburger was $3.80 rather than $5.50 in 2010, with other prices in the table remaining fixed.

Explanation:

The given table shows the inflation rates and price movement over the years. The hamburger had inflation effect and its price increased by almost $1. The price change will create burden on the consumer and they will have to pay for inflation differential.

8 0

3 years ago

The goals of most labor unions in the 1930s was the right to organize, in the 1970s to increase worker pay and benefits, in the

jasenka [17]

One can conclude based on these goals that changes in the social and economic environment determine the goals of labor in a given period.

<h3>What are labor unions?</h3>

These are those unions that are created to see that the conditions of employees are good in a nation.

They are responsible for speaking on behalf of employees in terms of work conditions and pay.

Read more on labor unions here:brainly.com/question/881501

6 0

3 years ago

Assume that short-term rate, r1 = 6%, and that the expected market rates, and . Also assume that the unbiased expectations theor

Lubov Fominskaja [6]

Answer:

The question is missing some details,however find the complete question with the underlined figures being the missing ones below:

Assume that short-term rate, r1 = 6%, and that the expected market rates

<u>E(r 12 ) = 7 % and E(r 23 )</u> = 9 % . Also assume that the unbiased expectations theory holds such that the forward rates are identical to expected spot rates.

a. What should be the current price of a 3-year, $1000 bond with a 12% coupon rate? Assume annual coupon payments.

b. What is the yield-to-maturity for this bond?

a.The current price of the bond is $ 1,082.87

b.The yield to maturity is 8.74%

Explanation:

Find detailed computations of the bond price and yield to maturity in the spreadsheet attached.

Please note that in calculating the present of the bond i.e current price ,the rate changes from year to year as given in the question.

Download xlsx

7 0

3 years ago