Answer:
Current yield = 8.60%
Explanation:
Missing question <em>"Calculate the current yield annually"</em>
Current yield = Annual Coupon / Current Price
Annual Coupon = C%*Par = 8%*1000 = $80
Current yield = $80 / $930
Current yield = 0.086022
Current yield = 8.60%
Bigness in industry is resulted because of the working of the economic laws and increase in the efficiency.
<u>Explanation:</u>
Bigness in industry means that the size of the industries has grown in the economy. The production has been increased, the quality and the quantity of the production has gone up.
The bigness in industry somewhat harmed the economy because the way the employees were dealt by the employers was not very fair. There was damage done to the environment also because of the increase in the production by the industries. So bigness in industry was bad.
Answer and Explanation:
The journal entry to record the Derr investment is shown below:
Cash Dr $1,800
Supplies Dr $3,800
Equipment Dr $5,800
Land Dr $8,800
To Account payable $5,300
To Notes payable $3,900
To Mr Derr capital $11,000
(Being the investment is recorded)
Here all assets are debited as it increased the assets and credited all liabilities as it also increased the liabilities
Answer:
D. Operational Auditing
Explanation:
Based on the information provided within the question it can be said that the term that is being described is called Operational Audit. Like mentioned in the question, this refers to an overall review of an operations effectiveness, efficiency and economy. This is done through a process that is made up of five different phases, these phases are: Selection, Planning, Execution, Reporting, and Follow-Up.
Answer:
For X-Men, the Sales Discount should be recorded at the estimated discount amount that will be taken by the X-Men's customers, which is calculated as: $1,000 * 2% = $20.
The adjusting for sales discount X-Men should be recorded as followed:
Dr Sales Discount 20
Cr Allowance for Sales Discount 20
( to record the estimated sales discount taken)
in which, Sales Discount is a contra-revenue account which helps to record the Net Sales amount from the Gross Sales amount.
Explanation: