Answer:
Productive projects mean people are benefitting from the projects, a counterproductive project would mean resources are being wasted and no one is benefiting. When property rights are well defined and enforced, businesses in a market economy will then have a strong incentive to undertake productive projects.
Explanation:
Answer:
a.
Date Account Title Debit Credit
Dec, 31. 2020 Cash $1,000
Customer Deposits $1,000
b.
Date Account Title Debit Credit
Dec, 31. 2020 Customer deposits $800
Cash $800
c.
Date Account Title Debit Credit
Dec, 31. 2020 Customer deposits $120
Breakage Revenue $120
Cost of goods sold(0.8 * 120) $ 96
Inventory $ 96
Answer:
10.25%
Explanation:
The requirement which is Coupon rate can be calculated using EAR formula.
EAR = (1 + APR/n)^n - 1
EAR = (1 + 10.00%/2)^2 - 1
EAR = (1 + 0.1/2)^2 - 1
EAR = (1 + 0.05)^2 - 1
EAR = (1.05)^2 - 1
EAR = 1.1025 - 1
EAR = 0.1025
EAR = 10.25%
10.25% is the coupon rate for annually paying bond.
