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denis-greek [22]
3 years ago
7

As of june 30, 2019, great adventures finishes its first 12 months of operations. if suzie wants to prepare financial statements

, part of the process would involve allowing for uncollectible accounts receivable.
a. suppose suzie estimates uncollectible accounts to be 5% of accounts receivable (which does not include the $5,600 note receivable from myers manufacturing). record the adjustment for uncollectible accounts on june 30, 2019. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Business
1 answer:
wariber [46]3 years ago
5 0
<span>As of June 30, 2013, Great Adventures finishes its first 12 months of operations. If Suzie wants to prepare financial statements, part of the process would involve allowing for uncollectible accounts receivable</span>
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An investor has two bonds in her portfolio, Bond C and Bond Z. Each bond matures in 4 years, has a face value of $1,000, and has
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Answer:

Years to maturity       Price of Bond C            Price of Bond Z

         4                               $1,084.42                       $711.03

         3                               $1,065.93                       $774.31

         2                               $1,045.80                      $843.23

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Explanation:

Note: See the attached excel for the calculations of the prices of Bond C and Bond Z.

The price of each bond of the bond can be calculated using the following excel function:

Bond price = -PV(rate, NPER, PMT, FV) ........... (1)

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rate = Yield to maturity of each of the bonds

NPER = Years to maturity

PMT = Payment = Coupon rate * Face value

FV = Face value

Substituting all the relevant values into equation (1) for each of the Years to Maturity and inputting them into relevant cells in the attached excel sheet, we have:

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         4                               $1,084.42                       $711.03

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         2                               $1,045.80                      $843.23

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