Answer:
Explanation:
journal entry will Jenson use to correct the error
Date Account Titles And Explanation Debit Credit
Computer $400,000
Accumulated depreciation ($100,000 × 2 years) $200,000
Retained earnings ($400,000 - $200,000) $200,000
Annual depreciation = (Cost - Salvage Value) / 4
= ($400,000 - 0) / 4
= $100,000
The correct answer would be the third option. A bond is issued at premium when a bond's stated interest rate is higher than the market interest rate. It is a type of bond wherein it offers a rate that is higher than what is the present interest rates. It is a bond usually issued in nations like Canada and United Kingdom. In UK, these bonds are deemed as lottery bonds which is being issued by the National Savings and Investment of their government. In Canada, on the other hand, it is called as Canada Premium bond which offers a high interest rate at the moment it is issued as compares to a Canada Savings Bond.
Answer:
The correct answer is True.
Explanation:
A perfectly competitive market has the following characteristics:
• There are many buyers and sellers in the
market.
• The goods offered by the different sellers
They are largely identical.
• Companies can freely enter and exit the
market.
As a result of these characteristics, perfectly competitive markets, result in:
• The actions of any buyer or seller
have an insignificant impact on the price of
market.
• Each buyer and seller takes the prices of
Market as dice.
A competitive market has many buyers and sellers trading with identical products so that each buyer and seller is price-accepting.
• Buyers and sellers must accept the price
determined by the market.
Answer:
c. accept the loan with the lower effective annual rate rather than the loan with the lower annual percentage rate.
Explanation:
In the above scenario it will be a good financial decision to choose a loan with lower effective rate than the one with lower percentage rate.
Effective rate is defined as the real interest rate on a loan or the actual amount that is to be repaid annually on a loan. It gives a truer picture of cost of borrowing money.
Percentage rate is interest paid on a loan expressed as a percentage of the total amount collected. It usually includes various fees and charges collected by the lender. So it is not a true reflection of the cost of borrowing
This is an opinion question; therefore there is no right or wrong answer.
You might want to consider talking about:
1. benefits
2. discrimination
3. support
4. employee engagement
