Answer:
A) $21,068
B) $1,525.24
C) $280,457.24
Explanation:
The amount of the discount = face value - market value = $300,000 - $278,932 = $21,068
Amount of interest recognized on December 31, year 1 = ($278,932 x 7%) - ($300,000 x 6%) = $19,525.24 - $18,000 = $1,525.24
Carrying value of the bond liability = $278,932 + $1,525.24 = $280,457.24
Answer:
increase the money supply by $5 billion
Explanation:
When the Fed carries on an expansionary monetary policy it lowers interest rates and purchases government securities in order to increase the money supply in an attempt to boost economic growth.
The increase in the money supply is determined by the total amount of the open market operations carried out by the Fed ($1 billion) and the money multiplier (= 1/reserve ratio = 1/20% = 5).
Total increase in money supply = $1 billion x 5 = $5 billion
It’s been a while since i’ve done excel but i believe it is COUNTIF
the reason is it will only count a cell if it has certain qualifications
SUMIF adds every cell called
ROUND i believe just rounds everything up if called
AVERAGEIF will average out the cells if they have certain qualifications
Answer:
Indenture; convertibility provision
Explanation:
Indenture refers to a legal contract that bounds the bondholder and the issuer. This contract specifies important features of the bond like its type (convertible or callable), maturity date, interest payment time and rate. In other words, it includes all the terms and conditions related to the issue of bond.
One of the types of bonds is convertible bonds. Due to the provision of convertibility, these bonds can be converted to a stipulated number of common shares that are decided in advance.
