Answer:
6.69%
Explanation:
Price of Ace products bond issue = $1,196
Annual coupon payment = $80
Current yield = Annual coupon payment / Bond price
Current yield = $80/$1,196
Current yield = 0.0668896
Current yield = 6.69%
Answer:
profit,risk,competition and productivity
Answer:
Debit Balance as per Cash Book - i - ii + iii = Credit Balance as per Passbook.
Explanation:
Bank Reconciliation Statement is a statement drawn at the end of accounting period, to adjust the mismatch between bak balance as per cashbook & passbook.
Debit Balance as per Cash Book = $ 22970
Less : Receipts added in cashbook, but not passbook = (1885)
Less : Bank service fee deducted from passbook, not cashbook = (55)
Add : Cheques written but not deducted from passbook = 1460
Credit Balance as per passbook = $ 22490
If a test is being used to make a dichotomous decision (e. G. , suitable or unsuitable for the job), the cutting marks the point of decision.
<h3>What is the usefulness of cut off mark in a test?</h3>
cut off mark in a test is been used in the selection process after the test which is very important in the point of decision.
And this will be necessary to get the good hand for the job when the test is being used to make a dichotomous decision.
Learn more about cut off mark at:brainly.com/question/25997960
#SPJ12
Explanation:
The computation is shown below:
It records the two items i.e
Tax Anticipation Notes Payable = $1,000,000
And, the expenditure is recorded for
= Tax Anticipation Notes Payable × tax rate × number of months ÷ total number of months in a year
= $1,000,000 × 4% × 6 months ÷ 12 months
= $20,000
Both the above items are debited for $1,000,000 and $40,000 respectively
