Answer:
The answer would be B
Explanation:
The effective federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements. Also known as the federal funds rate, the effective federal funds rate is set by the Federal Open Market Committee, or FOMC.
Answer:
Bond's Current Yield 4.39%
Explanation:
The bond's current yield is calculated as below:
Bond's Current Yield = Annual Coupon Payment/Current Bond Price*100
Substituting values in the above formula, we get,
Bond's Current Yield = (100*4.30%)/97.85*100 = 4.39%
Answer:
$64,000
Explanation:
In order to be deductible, a business expense must be both ordinary and necessary. Being ordinary means that it is a plausible expense for this business, since the expense in question is related to accounting services, it is ordinary. Being necessary means that the expense is the minimum required and is appropriate and helpful to the business. In this case, all of the expense was not required, therefore, only $64,000 (the reasonable market value for the services provided) are deductible.
Answer: Credit Additional Paid in Capital $198
Explanation:
Brett Corporation reissued the Treasury Stock at $29 which was $3 higher than the amount they had repurchased it for.
When stock is sold for a price higher or lower than they are worth, the balance goes to the Additional Paid-in Capital account. If it is sold higher, the balance is Credited to the Additional Paid-in Capital account and if it is sold for lower than it is worth, it is debited.
The Balance here is,
= $3 * 66 resold shares
= $198
This $198 will therefore be credited to the Additional Paid-in Capital account.
Answer:
Correct answer is D.
$4375
Explanation:
Amortization of actuarial gain or losses = Net actuarial gain/remaining service life
= 87500/20
Amortization of actuarial gain = $4375
