Answer:
b. a debit to Held-to-Maturity Debt Investments for $26,000
Explanation:
Investment in corporate bonds is considered as Held-to-Maturity Debt investments.
Date Accounts Title and Explanation Debit Credit
30 Mar 18 Held-to-Maturity Debt investments $26,000
[$25,000 + $1,000)
Cash $26,000
(To record an investment in bonds)
Therefore, in the journal entry, it is debited to Held-to-Maturity Debt investments for $26,000
Answer:
(a) The estimated cumulative average material cost per square foot for the first five homes is $24.47.
(b) The estimated material cost per square foot for the last (16th) home is $19.34.
Explanation:
(a) If the cost its reduced by 8% every time the number of homes is doubled, we can express the cost of the first five houses as
C1 = C
C2 = C*(1-0.08)=0.92*C
C3 = C2 = 0.92*C
C4 = C2*(1-0.08)=0.92*0.92*C = 0.8464*C
C5 = C4 = 0.8464*C
Then, the average cost of the first five houses is
The estimated cumulative average material cost per square foot for the first five homes is $24.47.
For the 16th home, the number we can estimate that the number of homes double 4 times: at house number 2,4, 8 and 16.
Other way to calculate that is
We can write the cost of the 16th house as
The estimated material cost per square foot for the last (16th) home is $19.34.
Faith bought 6 apples at $.78 each. She paid $4.68 for the apples.
Given : $.78 price for each apple
$4.68 the amount Faith spent for the apples.
$4.68 / $.78 = 6
Answer:
17.76%
Explanation:
The computation of the time-weighted return on your investment is given below
But before that we have to do the following calculations
Year 1 = ($46.50 - $42.50) + 2 ÷ ($42.50) × 100 = 14.12%
Year 2 = ($54.50 - $46.50) + 2 ÷ ($46.50) × 100 = 21.51%
Now the time weighted return is
(1 + t)^2 = (1 + 14.12%) × (1 + 21.51%)
= 1.1412 × 1.2151
= √1.3867 - 1
= 17.76%