Answer:
It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.
Explanation:
Giving the following information:
PV= 35,000
FV= 44,622.09
i= 0.07/4= 0.0175
We need to calculate the number of quarters required to reach the objective. We will use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(44,622.09/35,000) / ln(1.0175)
n= 14
It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.
We
should note that the bond investment account is recorded at cost by the Bondholder
or Investor.
The
cost or price is calculated as:
Cost
= $90,000 * 86.4%
Cost
= $90,000 * 0.864 = $77,760
Therefore,
the entry to record should be:
<span>debit
Held-to-Maturity Investment in Bonds for $77,760 and credit Cash for $77,760</span>
Answer:
Without financial stability, and office can not function properly.
Explanation:
Ex:
unpaid light bill = dysfunctional office
Answer:
The correct answer is $17,000.
Explanation:
According to the scenario, the given data are as follows:
Bonds percent = 7%
Par value of bonds = $500,000
Market rate = 6.5%
Cash received = $505,000
So, we can calculate the amount of recorded interest for semiannual interest period by using following formula:
First we calculate the premium on bonds,
So, Premium on bonds = Cash received - Par value of bonds
= $505,000 - $500,000
= $5,000
So, straight line amortization = Premium on bonds ÷ years
= $5,000 ÷ 5
= $1,000
So, Amount of interest expense for first semiannual is as follows:
Amount of interest = ( Par value of bonds × Bonds percent ) ÷ 2 - (straight line amortization ÷ 2)
= ( $500,000 × 7% ) ÷ 2 - ( $1,000 ÷ 2 )
= $17,500 - $500
= $17,000.
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Critical thinking is the analysis and judgment of available facts, evidence, observations, and arguments. The subject is complicated. There are several different definitions, which generally involve a reasonable, skeptical, and unbiased analysis or evaluation of factual evidence. Critical thinking is self-directed, self-disciplined, self-monitoring, and self-correcting thinking. This means accepting strict quality standards and consciously mastering their application. It includes effective communication and problem-solving skills, as well as a commitment to overcome native egocentrism and sociocentrism.
Critical thinking is the active and skillful conceptualization, application, analysis, synthesis, and synthesis of information gathered or generated from observation, experience, reflection, reasoning, or communication as a guide to beliefs and actions. It is an intellectually trained process of evaluating and/or evaluating.
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