Answer:
B. False
Explanation:
When total debits equals to total credits on a trial balance, we can't assured that there are no errors of any sort occurred during the preceding steps in the accounting cycle.
Following Accounting Errors may result in Balanced Trial Balance
Errors of omissions
Errors of commissions
Errors of misposting
Compensating errors
Errors of Principle
To calculate the lease payments we use the excel function PMT as in =PMT(rate,nper,pv,fv,type)
Rate = 11.2% Compounded monthly
Rate = 11.2%/12 (Monthly rate)
NPER = 24 months = 24
PV = 2650
FV =0
TYPE = 1 (Since the payments are due immediately meaning this is an annuity due)
So, monthly payment =PMT(11%/12,24,2650,0,1) = $122.39
Your monthly lease payments should be = $122.39
Answer: Alicia has a very simple tax return and some degree of tax knowledge. She wants to file taxes without spending any extra money. What is her BEST option for filing taxes? Independently prepare her taxes.
Explanation:
Answer:
The increase in yield to maturity from 5.5% to 7% will cause the price of the bond to fall from $ 1,057.46 to $ 972.70
Explanation:
In order to ascertain the impact on the bond of a sudden increase in the yield to maturity from 5.5% to 7%, the present value of the bond, the current price is computed using yield of maturity of 5.5% and 7% respectively.
In calculating the present value, a discounting factor is used to state today's value of the future cash flows from the bond, given as 1/(1+r)^N, where r is the yield to maturity divided by 2 , in order to show that the bond is a semi-annual interest paying bond.The fact that the bond is a semiannual one means interest would be paid 14 times( 7 years *2)
The present value is computed in the attached.