Answer:
B. $15,556
Explanation:
As given in the question
Face value of bond = $400,000
Carrying value of bond = $388,900
Discount from par value = $11,100
Coupon rate = 3%
Bond yielding rate = 4%
Interest revenue for the year = Carrying value of bond x Bond yielding rate
Interest revenue for the year = 388,900 x 4%
Interest revenue for the year = $15,556
The correct option is B. $15,556.
Answer: No
The order of variables does not matter when combining like terms in algebra, because of the commutative property.
Explanation:
Consider the addition of two algebraic expressions.
f(x) = x³ - 5x² + 3x - 2
g(x) = 6x³ + 10x² - 7x + 9
Add f(x) and g(x).
f(x) + g(x) = x³ - 5x² + 3x - 2 + (6x³ + 10x² - 7x + 9)
= x³ + 6x³ - 5x² + 10x² + 3x - 7x - 2 + 9
= 7x³ + 5x² - 4x + 7
Now add g(x) and f(x) in order to change the order of variable addition.
g(x) + f(x) = 6x³ + 10x² - 7x + 9 + (x³ - 5x² + 3x - 2)
= 6x³ + x³ + 10x² - 5x² - 7x + 3x + 9 - 2
= 7x³ + 5x² - 4x + 7
The two additions yield the same result, although the order of variable was reversed during the addition.
In general, algebraic operations are commutative.
Answer:
The correct answer is: multi-level marketing.
Explanation:
Multi-level marketing (MLM) is appealing for workers because there is tremendous potential to make money and low entry costs. It is a business strategy in which salespeople recruit other individuals to sell products or services for them in order to earn a portion of their sales in addition to their own sales.
Answer:
The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of 1,500,000 as the payments.
Explanation:
The change in net position = Amount of bond proceeds - Amount of bond principal.
The change in net position = $2,000,000 - $500,000 = 1,500,000
There would be a decrease of 1,500,000 as the payments.
The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of 1,500,000 as the payments.
Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Explanation:
Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.
The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Therefore, the correct option is C.
