Answer:
For this calculation we need to use the Effective Annual Yield Formula.
EY = (1 + r/n)^n - 1
Where:
- EY = Effective annual yield
- r = coupon rate
- n = number o periods the coupon rate is compounded per year
Plugging the amounts into the formula we obtain:
EY = (1 + 0.06/2)^2 - 1
EY = 0.062
EY = 6.2%
To obtain the effective semi-annual yield, we simply divide the effective annual yield by two:
= 0.062/2
=0.031
Effective semi-annual yield = 3.1%
In this case, we would not invest in the bond because the effective semi-annual yield does not reach the required 4%.
Explanation:
Transactions that are numerous and complicated, users who are separated from accounting records by distance and time, financial judgments that are significant to users and investors, and time-sensitive decisions are some of the underlying factors that drive demand by users for trustworthy information.
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used. This simple definition can be difficult to apply in business bookkeeping. Depending on whether a corporation employs accrual accounting or cash accounting, a transaction may be recorded by it sooner or later.
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Answer:
($ in million)
Dr Cash 81.6
Dr Discount on bonds payable 2.8
Cr Bonds payable80.0
Cr Equity-stock warrants outstanding 4.4
Explanation:
Preparation of the journal entry to record the issuance of the bonds.
($ in million)
Dr Cash 81.6
(80,000,000 X 102/100 = $81.6 million)
Dr Discount on bonds payable 2.8
(80+4.4-81.6 = $ 2.8 million balancing figure)
Cr Bonds payable 80.0
Cr Equity-stock warrants outstanding 4.4
($5 × 11 warrants × 80,000 bonds= $4.4 million)
(Being To record issuance of bonds)
Answer:
A) is not protected by the whistleblower statute because she failed to inform the proper party of the contract violation.
Explanation:
A whistleblower is someone who exposes illegal or unethical activities carried on by public or private organizations including government entities, businesses, other non-profit organizations, etc.
Gossiping about what happens in an organization is not exposing their wrongful activities, in order for an individual to be considered a whistleblower, he/she must inform the illegal or unethical activities to the public authorities.
If a bank has more rate-sensitive liabilities than rate-sensitive assets, then a <u>decline </u>in interest rates will <u>decrease </u>bank profits.
In economic accounting, a liability is defined as the future sacrifices of monetary advantages that the entity is obliged to make to different entities due to past transactions or other beyond activities
Property is what a business owns and liabilities are what a business owes. Each is indexed on an organization's balance sheet, an economic statement that shows an employer's monetary fitness. Assets minus liabilities equals fairness, or an owner's net well worth.
A liability is something a person or agency owes, generally an amount of cash. Liabilities are settled over time thru the switch of financial benefits which include cash, items, or services.
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