1) Identify the department or functional area that best corresponds with the following activities:

Treasury Bonds are _______.A. liquid, but not a store of value. B. a store of value, but not liquid. C. both liquid and a store

miss Akunina [59]

Answer:

C. both liquid and a store of value.

Explanation:

Treasury Bonds are fixed interest long term government debt instrument issued by the government through the monetary authorities (Federal Reserve or Central Bank) to raise fund from the public. Treasury bond has a maturity of between 10 and 30 years.

Treasury bonds is one of the most liquid financial instrument in the world as it can be turned to cash within a day.

The T-Bond, as treasury bonds is often called is a good store of value as it pays interest and the principal is backed by a legal contract.

5 0

3 years ago

You decide to open a bookstore with a wide selection, comfortable seating, and an internal coffee shop because it has worked ver

amid [387]

Yes because you aren’t doing anything special with your bookstore since it is the same as others

5 0

3 years ago

On January 1 of the current year, Barton Corporation issued 11% bonds with a face value of $99,000. The bonds are sold for $94,0

Bogdan [553]

Answer:

$11,880

Explanation:

Calculation to determine The bond interest expense for the year ended December 31 is

First step

Semiannual interest=($99,000 * 0.11 * 6/12)

Semiannual interest= $5445

Second step

Semi-annual discount amortization

Semi-annual discount amortization=($99,000 - $94,050)/5*/12

Semi-annual discount amortization=($4950 / 5)*6/12

Semi-annual discount amortization= 495

Third step

Semiannual interest expense=(5445 + 495)

Semiannual interest expense = $5940

Now let determine the bond interest expense

Bond interest expense =($5940 * 2)

Bond interest expense = $11880

Therefore The bond interest expense for the year ended December 31 is $11,880

3 0

2 years ago

A review of the ledger of Wildhorse Company at December 31, 2020, produces the following data pertaining to the preparation of a

Neko [114]

Answer:

Salaries expense 5,190

Salaries payable 5,190

unearned rent revenue 90940 debit

rent revenue 90940 credit

advertizing expense 6,800 debit

prepaid advertising 6,800 credit

interest expense 3,934 debit

interest payable 3,934 credit

Explanation:

Salaries accrued

5 employes $750 each = 3750

3 employees $480 each = 1440

Total = 5190

Rent revenue

$6,670 per month x 5 lease x 2 months (from Nov 1st to Dec 31st) =66700

$6,060 per month x 4 lease x 1 month = 24240

total 90940

advertizing:

8,400 / 12 months x 8 months expired = 5600

9,600 / 24 months x 3 months expired = 1200

total 6,800

interest on note payable:

principal x rate x time

56,200 x 12% x 7/12 = 3,934

8 0

2 years ago

Explain the three macroeconomic goals of economic systems

Debora [2.8K]

Answer:

The three major macroeconomic goals of an economy should be economic growth, low unemployment/full employment, and low inflation rates. Economic growth occurs when an economy ‘increases its ability to produce goods and services’

Explanation:

8 0

3 years ago