Answer:
the marketing manager or director
Explanation:
The marketing manager or director (depends on the organizational layout) is the individual responsible for leading the marketing department or unit of the company. He or she is the one in charge of overseeing and controlling new and existing marketing strategies and campaigns.
Answer:
The amount recorded in the Land account is $61,200
Explanation:
The cost of acquisition/purchase of a landed asset includes all the normal, reasonable and necessary costs incurred in obtaining the land and getting it ready for use. These cost includes the price of the land, the legal fees, title fees, taxes, excavation costs etc. On the other hand, cost of improvements on the land are recorded on improvement on asset accounts, where depreciation is put in consideration when computing cost. This is separate from acquisition cost because, there is no depreciation on a land. The cost is calculated as follows:
purchase price = $ 45,000
broker's fees = $ 8,000
accrued taxes = $ 2,000
demolition = $ 2,700
grading = $ 1,500
excavation = $ 2,000
Total = $ 61,200
Answer:
Debit Accounts Payable $24,000; credit Notes Payable $24,000.
Explanation:
Accounts payable represents the amount that a business owes, it represents it's liabilities.
If a notes payable is replacing the balance on account payable for $24,000, the amount is to be paid off at an interest rate of 4% in the next 60 days.
The journal entry to be raised is a debit of $24,000 to Accounts Payable account to reduce the liability balance, and a credit of $24,000 to Notes payable to indicate we have a loan that is payable in 60 days.
Answer:
a. The money multiplier is 5.
b. The Total money supply will increase by $250 million.
Explanation:
According to the given data we have the following:
Increase in amount of reserves by Fed = $100 million
Increase in money supply = $500 million
Therefore to Calculate the Money multiplier we have to use the following equation:
Increase in money supply = Increase in reserves×Money multiplier
So, Money multiplier = Increase in money supply/Increase in reserves
= $500 million/$100 million
= 5
a. The money multiplier is 5.
If there is anIncrease in amount of reserves by Fed = $50 million and the Money multiplier = 5
, therefore to Calculate increase in money supply we calculate the following:
Increase in money supply = Increase in amount of reserves by Fed * Money multiplier
= $50 million
= $250 million
b. The Total money supply will increase by $250 million.
Answer:
The coupon rate is 6.32% or nearest to b.6.16%.
Explanation:
The price of the bond is equal to the present value of its principal repayment plus its annual coupon.
Denote: x is the coupon rate => Annual coupon payment is 1,000x
=> The price of the bond, with the yield to maturity at 10%, is calculated as below:
1,000/1.1^6 + 1,000x * (1 - 1.1^-6)/0.1 = 840 <=> 1,000x * (1 - 1.1^-6)/0.1 = 275.526 <=> 1,000x = 63.263 <=> x = 6.32%.
So, the coupon rate is 6.32% or nearest to b.6.16%.