Answer: a. Continuing operations.
Explanation:
When a company prepares its financial statements, it does this assuming the principle of going concern which is that operations will continue in the near future. The information that is therefore shown, unless specified otherwise, is from continuing operations.
Users of financial statements rely on this information from continuing operations to analyze what the company is likely to do in future or how it is likely to perform. It is therefore a very important section as it shows whether stakeholders should remain invested in the company.
Answer:
8.8%
Explanation:
The fomula to calculate the yield to maturity is:
YTM= (C+((FV-PV)/t))/((FV+PV)/2)
C= Coupon
FV= Face value
PV= Present value
t= time to reach maturity
YTM= (100+((1,000-1,080)/10))/((1,000+1,080)/2)
YTM= (100+(-8))/1,040
YTM= 92/1,040
YTM= 0,088* 100= 8.8%
Their yield to maturity (YTM) is 8.8%
Answer:
True
Explanation:
The main advantage of a compound interest account is that the interest that you earn also earns interest, so the total amount of earned interest increases.
For example, a $10,000 account earning simple interest at a 4% rate will earn $4,000 in ten years. While the same amount in a compound interest account will earn $4,802.
Answer:
$17,400
Explanation:
<em>Equation to be used is as follows: </em>Beginning Prepaid Insurance Expense balance + Cash paid for insurance premium - Ending prepaid insurance balance = Insurance expense
$3,000 + Cash paid - $2,200 = $18,200
$800 + Cash paid = $18,200
Cash paid = $18,200 - $800
Cash paid = $17,400
So, the cash paid for insurance premiums during 2014 was $17,400