Answer:
The land should be recorded in the purchaser's books at $159,000.
Explanation:
Book keeping is the important term in the accounting and it records all the information of purchasing and selling amount from for a specific person to a large company.
As the buyer purchased the land in $159000, thus in his book it should be recorded as land purchased for $159000, and all the persons involved init from seller to intermediate organizations. All other tax processes and assessed values does not relate with the buyer. He just payed for the land and recorded it. Other values will be recorded in the book of seller and the book of intermediary organizations involved who assessed the land value as for the recording purposes.
When supply increases, the most likely result is the price will lower. This is based on the concept of supply and demand, so when demand goes up and the supply goes down, the price goes up. If the Demand goes down but the supply goes up, the price lowers.
For most automobile manufacturers, the elasticity of supply over time REMAINS THE SAME.
Automobile manufacturing takes time, it may take an automobile company several months to years before it can switch from constructing one type of car to another type. Such a company will have relatively inelastic supply in the long run compared to other products whose production process can be easily changed.
The best option is to c<span>all the bank and stop the automatic payment.</span> Calling the company that holds the car loan and requesting for a repayment is the best way for it to get its money back. It will allow Angela to make a good effort to repay what she can and negotiate that can be acceptable to both sides.
Answer:
Rate of return < current YTM
Explanation:
In order to determine whether the current YTM is greater or less,we need to first of all determine the current YTM using excel rate formula as shown below:
=rate(nper,pmt,-pv,fv)
nper is the number of coupon payments the bond pay which is 15
pmt is the annual coupon payment of $100(10%*$1000)
pv is the current price of $890
fv is the face value of $1000
=rate(15,100,-890,1000)=11.58%
Since the rate of return is 8.8% while the current YTM is 11.58%,the third option is correct