Answer:
The amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000
Explanation:
For computing the account receivable balance for the august month, the following adjustment is required which is shown below:
= August sales × credit sale percentage
where,
August sale is $200,000
And, the credit sale percentage is 75% because 25% is cash sale and the remaining 75% is a credit sale
So,
the accounts receivable would be equals to
= $200,000 × 0.75
= $150,000
Hence, the amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000
The value of the bond is $865.80.
<h3>What is a bond?</h3>
A bond is a debt instrument used to raise capital. Bondholders receive periodic interest payment. At the maturity of the bond, the bondholders receive the amount invested.
<h3>What is the value of the bond?</h3>
The value of the bond can be determined by calculating the present value of the bond. The present value is the sum of the discounted cash flows.
Present value = (60 / 1.08) + (60 / 1.08^2) + (60 / 1.08^3) + (60 / 1.08^4) + (60 / 1.08^5) + (60 / 1.08^6) + (60 / 1.08^7) + (60 / 1.08^8) + (60 / 1.08^9) + (60 / 1.08^10) + (1000 / 1.08^10) = $865.80
To learn more about present value, please check: brainly.com/question/25748668
<h3>Answer choices are:</h3>
- poll workers requiring voters to show a pay stub proving employment
- poll workers asking voters to prove home ownership
- poll workers having voters read aloud before voting to prove they could read
- poll workers creating separate lines for voters based on race
<h3>Correct answer choice is:</h3><h2>3. Poll workers having voters read aloud before voting to prove they could read.</h2>
Explanation:
The 15th Amendment to the Constitution gave African American people the freedom to vote by saying that the "right of residents of the United States to vote shall not be dismissed or digested by the United States or by any state on record of race, appearance, or past state of slavery. During the voting process vote operators having voters read loudly before casting the vote to confirm they could read.
Answer:
Present value = $9.7150 rounded off to $9.72
Explanation:
Using the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the present value of the next four dividends, we will use the following formula,
Present value = D1 / (1+r) + D2 / (1+r)^2 + D3 / (1+r)^3 + D4 / (1+r)^4
Where,
- r is the required rate of return
Present value = 3 / (1+0.14) + (3+0.25) / (1+0.14)^2 +
(3+0.25+0.25) / (1+0.14)^3 + (3+0.25+0.25+0.25) / (1+0.14)^4
Present value = $9.7150 rounded off to $9.72
Answer:
$1,000,000
Explanation:
The Bond Issued less than its face value is issued on the discount. This discount is recorded and amortized until the maturity of bond.
Discount on the Bond = Face value - Issuance value = ($1,000 x 1,000) - ($1,000 x 1,000) x 99% = $1,000,000 - $990,000 = $10,000
Journal Entry
Dr. Cash $990,000
Dr. Discount on Bond $10,000
Cr. Bond Payable $1,000,000
Bond Liability on June 30, 20x5 is $1,000,000.
