Answer:
about 1.24 million dollars
Explanation:
Account value is multiplied by 1.06 each year, so after 45 years, it has been multiplied by 1.06^45. The value is ...
$90,000 × 1.06^45 = $1,238,814.97
No, there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
Given that Starbucks purchased bonds with $ 7 million face value at par for cash on July 1 of the current year and the bonds pay 7 percent interest the following June 30 and December 31 and mature in three years.
We are required to tell whether there is requirement of any recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
A bond is basically a debt security, similar to an IOU and borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When we buy a bond, we are lending to the issuer, which may be a government, municipality, or corporation.
There is not any requirement of any recording when the fair value decreases to $600000 because it is not affecting our books of accounts because in our books they are recorded at face values.
Hence there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
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Answer: False
Explanation:
When an item is vague, it means the item is unclear and not really having a specific direction.
The job objectives needs to be clear in describing what the job applicant seeks to achieve in a job and the kind of skills the applicant possesses that make him the best fit for the job being applied for.
Job objectives can be drafted in such a way as to meet up with the demands of each job being applied for.
Answer: The best way to raise funds would be to sell secured bonds.
Explanation:
A secured bond will help companies raise the money relatively fast. The bond will be backed by the collateral pledge on the bond. The borrowers of these types of bonds will offer secured bonds as a way to secure the loan.
If the borrower defaults, the collateral is given to the lenders right away. So, they will get the business or whatever it was that was backed by the secured bond.
The cycle time of this process for the firm is 2.89.
<h3>What is a Cycle Time?</h3>
This refers to the average time between the start of production of one unit and the start of production of the next unit of production
Cycle Time = Net time available to work / Customer demand
Cycle Time = 1.1 + 1.5 / 0.9
Cycle Time = 2.88888888889
Cycle Time = 2.89.
Therefore, the cycle time of this process for the firm is 2.89.
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