4 years ago

Which of the following is a TRUE statement regarding Treasury Bills?

Business

1 answer:

ASHA 777 [7]4 years ago

8 0

Answer: C T-bill are callable and are issued at a discount.

Explanation:

Treasury bill are issued by government to control the amount of money in circulation, they can be issued at par, discount or premium and they are callable

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Marginal utility is equal to which of the following? (A) total income divided by the price of the product (B) the change in tota

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The answer to this question can be defined as follows:

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Please find the table in the attached file.

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3 years ago

Read 2 more answers

On January 1, year 4, Purl Corp. purchased, as a long-term investment, $500,000 face value Shaw, Inc. 8% bonds for $456,200. The

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Answer:

$468,000

Explanation:

Since the bonds will be held to maturity and purchased at a discount, their value will increase as maturity approaches. On December 31, year 5, the bonds should be reported at $468,002 ≈ $468,000

investment balance = $456,200 + $5,620 (difference between interest receivable and interest revenue 2004) +$6,182 (difference between interest receivable and interest revenue 2005) = $468,002

interest receivable 2004 = $500,000 x 8% = $40,000

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difference 2005 = $46,182 - $40,000 = $6,182

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4 years ago