Answer:
The bond will sell for the amount of $869.17
Explanation:
According to the given data coupon amount = 50/2 = 25
Therefore, in order to calculate the selling price of the bond we would have to make the following calculation:
selling price of the bond = 25 * PVIFA(3%,52) + 1,000 * PVIF(3%,52)
selling price of the bond= 25 * 26.1662 + 1,000 * 0.2150
selling price of the bond= $869.17
The bond will sell for the amount of $869.17
Answer: When workers are given the best working conditions a company can afford.
Explanation:
A good job is done in Human resource management in an organization when it has ensured that staff are given the best working conditions the company can afford. In a hospital for instance, where the staff population is mainly made up of nurses and doctors, an approach can be done to give the workers quality working conditions such as:
1.) Effective work shift, to avoid overstressing employees.
2.) Workers paid adequately and on time.
3.) Granting workers seasonal leaves for rest.
Answer:
Entry: 1. Dr bad debts expense 5500
Cr Allowance for uncollectible accounts 5500
Explanation:
1.Account receivable = $44000
Allowance for uncollectible accounts(Dec,31 2021) = $1100
44000* 15% = 6600 - 1100 = $5500 Allowance for uncollectible accounts
2. Bad debts expense = (44000* 15%) = 6600
3. Uncollecible accounts = (Open) Allowance for bad debts + Current year Allowance.
= 1100 + 6600 = $7700.
4. 44000 - 7700 = $36300 net account receiable
Answer:
The National Credit Union Association is a entity that monitors and regulate the Credit Unions which are organizations that are part of a cooperative and give credit to its members.
It was created in 1934 by the president Franklin Delano Roosevelt.
Answer:
The correct answer is $20,211.84.
Explanation:
According to the scenario, the given data are as follows:
Payments (PMT) = $600
Interest rate = 7%
Growth rate = 3%
Time = 16 yeras
So, future value of growing annuity can be calculated by using following formula :
FV of growing annuity = Payment × ((1+ interest rate)^n - (1 + Growth rate)^n) / (Interest rate - Growth rate)
= 600 × ((1.07)^16 - 1.03^16) / (.07 - .03)
= 600 × ( 2.95216374857 - 1.6047064391 ) / (0.04)
= 600 × 33.6864
= $20,211.84
Hence, the correct answer is $20,211.84.
