Answer:
The question is missing below options:
A.$1,210.00
B.$1,242.00
C.$1,226.00
D.$1,178.00
Option C,$1,226 is correct.
Explanation:
Ordinarily, the price at which such bonds is offered for sale is the ask price plus the interest accrued to the bond since the last coupon interest payment.
Invoice price=ask price +interest accrued to date
ask price=$1000*121%
ask price=$1000*121/100
ask price=$1,210
Since last coupon was paid three months, intuitively, another coupon interest of three months has accrued to date.
interest accrued to date=$1000*6.40%*3/12
=$16
The 6.40% is annual coupon,hence quarterly coupon is gotten by dividing by 4 or multiplying by 3/12
Invoice price=$1210+$16
invoice price=$1,226
Answer: Decreasing returns to scale
Explanation: In simple words, decreasing returns to scale can be defined as the situation in which for every increase in 1 unit of output one has to invest more than 1 one unit of input.
In decreasing returns to scale the cost of production increases with level of production made.
Hence the right answer is option A.
Apple Pay, Stripe, or Due
Answer:
B. a debit to Interest Expense for $ 42 comma 750.
C. a credit to Cash of $ 137 comma 750.
Explanation:
Payment of Note Payable includes the payment of interest on the outstanding balance and principal amount of the note. In this question it is the first payment of the note payable, so the outstanding balance is the face value of the note, Interest is calculated using this value, A fix payment of $95,000 is also made.
As per given data
Principal Payment = $95,000
First Interest payment = $475,000 x 9% = $42,750
Total Payment = $95,000 + $42,750 = $137,750
Journal Entry for first payment
Dr. Interest Expense $42,750
Dr. Not Payable $95,000
Cr. Cash $137,750
Answer:
The city should record General Fund revenue of $494,500
Explanation:
500 000 -55000= 494 500
This is realised revenue