I think B just because it makes most sense
<span>The Journal entry upon the 90 days (1/4 using 360 days a year) maturity at 5% rate should be $50,000 plus the Interest (I).
Let Journal Entry upon Maturity be J
Where J = Initial Signed Note + Initial Signed Note * Rate * Time
Which is also written as J = Initial signed Note (1 + Rate * Time)
Therefore J = 50,000 (1+5/100*1/4) = 50,625</span>
Answer:
revenue bonds
Explanation:
A revenue bond is a Municipal bond used to fund projects that yield income and are secured through a particular source of revenue.
Characteristics of revenue bond.
1. It takes long time to maturity.
2. It yields more returns than the general obligation bond.
The purpose of a revenue bond is so that government can finance projects that generates income such as toll roads, airports, seaports, electricity projects, water projects etc.
Answer:
$120,000
Explanation:
Given:
Shares owned by Fritz = 
of number of the shares of the other three shareholders i.e 
of all the shares
Shares owned by Luis = 
of number of the shares of the other three shareholders i.e 
of all the shares
Shares owned by Alfred = 
of number of the shares of the other three shareholders i.e 
of all the shares
Therefore,
Shares owned by them together = 
= 
of all shares,
This means that Werner owns = 1 − of all shares,
=
of all shares
i.e
= × $3,600,000
= $120,000
