Answer:
The price of the bond is 2143,67
Explanation:
A zero coupon bond is a bond that does not pay coupon payments and instead pays one lump sum at maturity.
Zero coupon bond value= F/(1+r)^t
F = face value or a par value
r= rate of yield per period
t= time to maturity ( in periods)
Replacing
F = $10,000
We assume semiannual compounding periods
r= 5.2/2=2.6
t= 30 x 2=60
Zero coupon bond value= $10,000/(1+0.026)^60
Value = 2143,67
Answer:
Debit retained earnings for $15.30 million.
Explanation:
As per the data given in the question,
Declaration of common stock dividend indicates no cash payments, only extra shares issued with rate of stock dividend
In this Rick Co. had 30 million shares and Rick Co. declared 1% stock dividend
which means 30 million × 1% = 0.30 million shares issued
Retained earning = (0.30 million × $51)
= $15.30 million
To common stock A/c = (0.30 × $1) = $0.30 million
To capital paid in access A/c = (0.30 million × ($51-$1)) = $15.00 million
( Being stock dividend was issued at 1% )
Hence, Option (d) Debit retained earning for $15.30 million is correct.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
July 1: Beginning Inventory 31 units at $16 $496
July 7: Purchases 109 units at $16 $1744
July 22: Purchases 16 units at $17 $272
A physical count of merchandise inventory on July 30 reveals that there are 39 units on hand.
FIFO (first-in, first-out)
Units sold= (31 + 109 + 16) - 39= 117
COGS= 31*16 + 86*16= $1,872
Answer:
Date Accounts Titles Debit Credit
Dec-31 Salaries expense $2,300
Salaries payable $2,300
Dec-31 Depreciation expense $200
(Furniture
)
Accumulated depreciation $200
(Furniture)
Dec-31 Insurance expense $450
Prepaid Insurance $450
Dec-31 Supplies expense $80
Supplies $80
