Answer: b
explanation: i took the test
Answer:
correct option is b. False
Explanation:
as above given statement is false because
- The current method of receiving is more traditional than the income method because the formal method depends on the receivable age.
- Therefore, the revenue percentage method is better than the percentage receivable method for estimating the total collection cost, because it is more traditionally incorrect
so answer is false
The value of the dollar can influence the cost of gold. In actuality, gold serves as both a currency and a commodity.
<h3>What distinguishes gold from currency?</h3>
When it comes to wealth storage, gold may be much more effective than cash. According to CNN Money, your money in the bank "earns essentially nothing" because interest rates are still low. That cash might really be worth less now that inflation has been taken into consideration. It is well known that gold has a long history of stability.
<h3>Why is gold regarded as currency?</h3>
Gold is a form of money in a free market. A price for gold exists, and that price will change in relation to other mediums of exchange like the US dollar, euro, and yen.
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Answer:
a) YTM = 9.8%
b) realized compound yield is 9.9%
Explanation:
a) PMT = 80
par value FV = 1000
coupon rate = 8%
curent price PV = 953.1
years to maturity n = 3
Yield to maturity (YTM) = = = 9.8%
b) r2 = 10% = 100%+10%=1.1
r3 = 12% = 100%+12%=1.12
Realized compound yield:First, find the future value (FV. of reinvested coupons and principal
FV = ($80 *1.10 *1.12) + ($80 * 1.12) + $1080 = $1268.16
let a be the rate that makes the future value $1268.16
953.1(1+y)³ =$1268.16
(1+y)³=1.33
1+y=1.099
y = 0.099 = 9.9%
Answer and Explanation:
The journal entry is shown below:
Cash Dr $25,000
To Note payable $5,000
To Selleck Cap $10,000
To Monroe Cap $10,000
(Being the both investments are recorded)
Here we debited the cash as it increased the assets by $25,000 and credited the notes payable, Selleck, and the Monroe capital as it increased the liabilities and the stock holder equity