The part of financial plan that Glenda work on has been Finance. Thus, option A is correct.
The payment of the car and routine maintenance has been the important parameter that Glenda has to take care.
<h3>Financial plan</h3>
The payment of car has been the monthly expense and has to be assigned to the company in the financing details.
For the amount to be used in maintenance, Glenda has to work on her finance management. The correct management results Glenda to manage her expenses accordingly. Thus, option A is correct.
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Answer:
See below
Explanation:
Pyle Garage
Bank Reconciliation statement
March 31,
Unadjusted Bank balance
$14,107
March 31,
Add: Deposit in transit
$3,601
Less: Outstanding checks #1,469
($1,557)
Outstanding checks #1,470
($803)
True cash balance March 31, 2018
$15,348
Unadjusted Book balance, March 31
$13,036
Add: Credit memo for collection of
$3,110
Accounts receivables
Less: Error in recording check #1,468
[$890 - $165]
($725)
Debit memo for service charges
($73)
True cash balance March 31,
$15,348
B. Account titles
Cash Dr $3,110
Accounts receivables Cr. $3,110
Equipment Dr $725
Cash. Cr. $725
Bank service charge expense Dr $73
Cash. Cr. $73
Answer:
D. Capital market instruments include both long-term debt and common stocks.
Explanation:
Capital market is financial market where long term instruments are traded. These instruments include bond, common stocks and debenture. With this background, statement in option D is correct.
Option A is not correct because reverse is the case: investment banks raise large blocks of capital from investors while commercial banks specialize in lending money.
Option B and E are not correct, too. Transaction under them are examples of a secondary market transaction.
Option C is wrong, as well. NYSE has a physical location where trading activities happen.
So option D is the only correct statement because capital market instruments are long-term debt and common stocks.
Answer:
Bond Price= $1,774.05
Explanation:
Giving the following information:
Coupon rate= 0.0573/2= 0.02865
YTM= 0.067/2= 0.0335
The bond matures in 23 years.
Par value= $2,000
<u>To calculate the bond price, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 57.3*{[(1 - (1.0335^-46)] / 0.0335} + [2,000/1.0335^46]
Bond Price= 1,334.76 + 439.29
Bond Price= $1,774.05