Answer:
Date Account titles and explanation Debit Credit
1-1-21 Bond interest payable $46,000
Cash $46,000
(To record payment of interest)
1-1-21 Bond payable $155,000
Loss on redemption bond $15,500
(155,000/100*10)
Cash $170,500
(To record bond redemption)
31-1-21 Interest expenses $36,450
Bond interest expenses $36,450
(560,000-155,000)*9%
(Adjusting entry to accrue the interest on the remaining)
The government budget deficit does not influence the real interest rate. The real interest rate is 9 percent a year.
<h3>What do mean by
government budget?</h3>
A government budget is a document created by the government and/or another political institution that details proposed spending and tax revenue estimates for the upcoming fiscal year. The budget is typically presented to the legislature in parliamentary systems, and it frequently needs their approval.
A government budget is a document that details the anticipated income and expenditures for a given fiscal year for a given governing body. Government spending plans frequently need legislative approval and are vulnerable to political pressure from interest groups vying for funding.
Learn more about government budget here
brainly.com/question/8859561
#SPJ1
Answer:
0.0139
Explanation:
Given that:
The number of sample (n) = 21
The sample distribution has mean (μ) and a standard deviation of σ/√n
The z score is given as (x - mean)/ standard deviation
x = 94.8 wpm, let us assume that σ = 10 and μ = 90
Therefore: z = (x - μ) / (σ/√n) = (94.8 - 90) / (10/√21) = 2.2
To calculate the probability using Z table:
P(X>94.8) = P(Z>94.8) = 1 - P(Z<94.8) = 1 - 0.9861 = 0.0139
The probability is low that is less than 0.05, the program is more effective than the old one.
Accurate. PLEASE GIVE ME BRAINIEST