Answer:
Make arrangements or preparations for (an event or activity)
Electronic banking provides safety of your money, and allows you to monitor transactions.
if im not mistaken it might be services.
correct me if im wrong
Answer:
Net Income understated by $20,000
Explanation:
In the first year, closing inventory was overstated by $80,000. The implications of the above would be,
Net Income for the first year would be overstated by $80,000
In the Second year,
Opening Stock would be overstated by $80,000
Due to this, cost of production stands overstated by $80,000.
Now, given in the question that closing stock for second year is overstated by $60,000 i.e profits are overstated by $60,000.
This means, the net effect on profits would be, $80,000 less $60,000 i.e $20,000 understated profits for the second year.
Answer:
greater than both the current yield and the coupon rate.
Explanation:
A discount bond is a bond that at the point of issuance, it's less than its face or par value.
When a bond is trading for less than its face value in the market, it's known as a discount bond.
The yield to maturity on a discount bond is greater than both the current yield and the coupon rate. This simply means that the coupon rate is usually lower than the yield to maturity of the discount bond.
Additionally, the yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.
For instance, when a bond is issued at a par or face value of $5,000, at maturity the investor would be paid $5,000. But because bonds are being sold before its maturity, it would trade below its face value.
Hence, a bond with the face value of $5,000 could trade for as low as $4,800, thus making it a discount bond.
