It enables them to juggle other commitments
The correct answer to your question is letter B. If accounts payable is increased with a credit, the normal balance is a credit.
One benefit of using this would be that it save a lot of time, But When using pre-printer check stock, you won't be able to see the check number in both printin and print manager.
If the number is crucial/important for your operation, <span> a log of check numbers would still be needed.</span>
Answer:
HPR = 0.371%
Explanation:
we must first determine the price of the bond in 1 year:
present value of face value = $1,000 / (1 + 6.25%)⁶ = $695.07
present value of coupon payments = $52.50 x 4.87894 (PV annuity factor, 6.25%, 6 periods) = $256.14
market price in 1 year = $951.21
since you bought the bond at face value (market value = YTM), the the holding period return is:
HPR = [(ending price - actual price) + dividends received] / actual price
HPR = [($951.21 - $1,000) + $52.50] / $1,000 = $3.71 / $1,000 = 0.371%