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Sidana [21]
3 years ago
9

The cash flows for a perpetuity continue into the future indefinitely. An example of a perpetuity is: preferred stock. corporate

bonds. a home mortgage. a consumer loan.
Business
1 answer:
Svetradugi [14.3K]3 years ago
5 0
The right answer for the question that is being asked and shown above is that: "corporate bonds."The cash flows for a perpetuity continue into the future indefinitely. An example of a perpetuity is: <span>corporate bonds</span>
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In the buying​ center, which role has responsibility to execute the​ purchase? A. Gatekeeper B. Initiator C. Influencer D. Buyer
svetoff [14.1K]

Answer:

D) Buyer

Explanation:

The buyer is responsible for developing the technical specifications of the product that is going to be purchased, inviting potential vendors, and will also be the person in charge of actually executing the purchase. The buyer is the person that has the actual authority and is responsible for carrying out the purchase.

3 0
3 years ago
Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
N76 [4]

Answer:

Adjusted balance = $23,387

Explanation:

                    Franklin Company

        Bank Reconciliation statement

Bank balance as of August 31                 $21,837

Add: Deposit in transit          <u>                   $ 7,350</u>

                                                                 $29,187

<u>Less: Outstanding check                        $(5,800)</u>

Adjusted cash balance                          $23,387

Cash balance as of August 31                $22,662

Add: Collection of Note receivable     <u>   $     870</u>

                                                                 $23,532

<u>Less: Bank service charge                      $(    145)</u>

Adjusted cash balance                          $23,387

6 0
3 years ago
Azure Inc. assigns $4,000,000 of its accounts receivables as collateral for a $3 million loan with a bank. The bank assesses a 3
Vlad1618 [11]

Answer with its Explanation:

Step 1:

First of all record a loan of $3 million loan:

Dr Bank $3,000,000

Cr Loan      $3,000,000

Step 2:

Finance charge will be 3% on this loan amount:

Dr Finance Charge $3million *3% = $90,000

Cr                   Bank                                       $90,000

Step 3:

The interest on the note is 7% which is $70,000. So the journal entry would be:

Dr Interest Expense $70,000

Cr Interest payable                  $70,0000

8 0
2 years ago
On january 1 of year 1, congo express airways issued $3,700,000 of 6% bonds that pay interest semiannually on january 1 and july
erastova [34]
<span>The amount of interest expense recognized by Congo Express Airways would be $199,334 after one year of being issued. This is calculated by finding 6% of the $3,700,000 which is $222,000. Then subtracting the amortized amount of $22,666 per annum, which was found by doubling the 6 month rate of $11,333. This gives you a total of $199,334.</span>
6 0
3 years ago
What is a major function of both retail and business banks?
dimaraw [331]

Answer:

A. Providing checking and savings accounts

Explanation:

"Bro had a stroke mid comment" LOL

4 0
3 years ago
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