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belka [17]
4 years ago
6

A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 116% of its $1,000

par value. If the last interest payment was made 3 months ago and the coupon rate is 5.90%, the invoice price of the bond will be _________. Multiple Choice $1,160.00 $1,189.50 $1,174.75 $1,130.50\
Business
1 answer:
Anna35 [415]4 years ago
3 0

Answer:

$1,174.75

Explanation:

The computation of the invoice price of the bond is shown below:

As we know that

Invoice Price of Bond = Ask Price of Bond + Accrued interest

where,

Ask Price is

= $1,000 × 116%

= $1,160

Interest accrued for 3 months is

= $1,000 × 5.90% × 3 months ÷ 12 months

= $14.75

So,

Invoice Price of Bond is

= $1,160.00 + $14.75

= $1,174.75

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The accounts payable ledger has postings from which of the following sets of journals? a.Purchases, cash payments, and general b
docker41 [41]

Answer: a. Purchases, cash payments, and general

Explanation:

The accounts payable ledger has postings from the purchases journal, cash payments journal and the general journal.

The accounts payable ledger is also referred to as the creditors ledger because it shows the amount that a company owes its suppliers.

The purchase journal shows the record for the goods that a particular company buys on credit. Cash payments journal shows the transactions which the business pays in cash. The general journal shows business transactions when they take place.

Therefore, the correct option is A.

3 0
3 years ago
What type of business organization should Luke, Austin, and R.J.<br> adopt?<br> Why?
GaryK [48]
This answer the question ok

6 0
3 years ago
On July 1, 2014, Agincourt Inc. made two sales.
sesenic [268]

Answer:

Explanation:

Date                   Account title and Explanation     Debit      Credit

1st july-14                  Notes receivable             $1,393,591

                         Discount on notes receivable                                                                     ($1,393,591 - S600,100 - $317,900)                  $475,591

                                                Land                                           $600,100

                                   Gain on disposal of land                                                 `                        ($918,000 - $600,100)                               $317,900  `                                           (To record sale of land)

1-Jul-14

                                  Notes receivable                 $404,300

                                   Service revenue                                  $404,300

`                               (to record service revenue)

5 0
3 years ago
The two biggest drawbacks or disadvantages of unrelated diversification are:___________.
lapo4ka [179]

Answer:

c. demanding managerial requirements and limited competitive advantage potential that cross-business strategic fit provides.

Explanation:

An unrelated diversification can be defined as a situation in which an existing business or company enters or invest in an entirely new business or industry that do not have any similarity whatsoever with its original business or product line. For example, an automobile manufacturing company that decides to acquire or invest in a clothing or shoe business.

Hence, the two biggest drawbacks or disadvantages of unrelated diversification are demanding managerial requirements and limited competitive advantage potential that cross-business strategic fit provides.

Also, the difficulties in successfully managing a collection of unrelated different business and having minimal competitive advantage potential over its rivals in the industry that cross-business strategic fit provides is another disadvantage of unrelated diversification

3 0
3 years ago
D
chubhunter [2.5K]

Answer:

False

Explanation:

The situation above is called the "pitch." This is a <em>process of persuasion </em>whereby people present their ideas to their<u> potential clients or investors.</u> This is done in order to achieve a particular purpose. In the situation above, the ad agency's purpose is<em> to win the potential client's account. </em>In order to become successful in pitching ideas, one has to consider some pointers such as <em>getting to the point fast, using a message map, not using too many slides and the like.</em>

So, this explains the answer.

5 0
3 years ago
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