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3 years ago

What transactions that are include in sales and sales return journal?

1 answer:

5 0

Sales journal, here goods that are sold on credit are recorded while in a sale return journal goods, initially sold on credit when returned are recorded here.

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In the demand-withdraw interaction pattern, the person who asks for the change is the

goblinko [34]

Demander is the answer :)

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3 years ago

When a principal is unidentified Group of answer choices the agent and principal will be jointly and severally liable on the con

Alja [10]

Answer:

The correct answer is letter "A": the agent and principal will be jointly and severally liable on the contract.

Explanation:

Principal-agent relationships born because of the need for principals of contracting agents acting on their behalf. While interacting with third parties, the principal can take one of the three (3) following roles: fully disclosed principal, unidentified principal, and undisclosed principal.

An unidentified principal, also called jointly and severally liable principal, is unknown by third parties. The third party knows the agent represents another party but the identity of that other party is a mystery.

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3 years ago

Workman Software has 8.8 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and cu

OverLord2011 [107]

Answer:

current yield 8.2089552%

YTM = 8.05%

effective annual yield = 4.92%

Explanation:

(A)

current yield = C/P

coupon payment / market price

8.8/107.2 = 0.082089552 = 8.2089552%

(B)

$P = \frac{C}{2} \times\frac{1-(1+YTM/2)^{-2t} }{YTM/2} + \frac{CP}{(1+YTM/2)^{2t}}$

First par being the present value of the coupon payment and second the redeem of the face value at the end of the bond.

market price 107.2

face value 100

time = 19

rate 8.8%

C = annual coupon payment 100 x 8.8% = 8.8

You solve this using a financial calculation and get the semiannual rate

YTM/2 = 0.040268160

then multiply by 2 to get the annual YTM

0.040268160 x 2 =

YTM = 0.08053632 = 8.05%

(C)

Effective Annual Yield

$(1+HPR)^{365/time} -1 = EAY$

where:

Holding period return:

$\frac{Net \: Return}{Investment} = HPR$

In this case:

coupon payment + redem - investment = net return

8.8 * 19 + 100 - 107.2 = 160

160/107.2 = 1.492537313

Then

$(1+HPR)^{365/time} -1 = EAY$

$(1+1.142537313)^{\frac{365}{19\times365}} -1 = EAY$

EAY = 0.049242509 = 4.9242509%

8 0

3 years ago

Artists often use ____________ to create small and intimate works because the paints are easy to carry and only require a glass

Mazyrski [523]

Artists often use WATERCOLORS to create small and intimate works because the paints are easy to carry and only requires a glass of water. Watercolor is made up of pigment in a vehicle of water and gum Arabic, which is a sticky plant substance that acts as the binder. The most common support for watercolor is paper. Watercolors could readily be taken on outdoor sketching expeditions and are particularly preferred by amateur artists.

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3 years ago

Materials that become an important component of the finished product whose cost can be easily and conveniently traced to the fin

Ipatiy [6.2K]

Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are direct materials.

<h3>What are direct materials?</h3>

Those components pass into a manufactured product are called as Direct materials. Direct materials cost refers to the cost of direct materials which may be without problems recognized with the unit of production.

For example, the value of glass is an immediate substance cost in light bulb manufacturing.

Hence, Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are direct materials.

learn more about direct materials:

brainly.com/question/26245657

#SPJ1

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1 year ago