Answer:
The adjustment at month-end is :
Supplies Expense $400 (debit)
Supplies $400 (credit)
Explanation:
The Supplies Account is an asset Account that decreases as the supplies are used in the business.
The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :
<em>Supplies Expense $400 (debit)</em>
<em>Supplies $400 (credit)</em>
For example, assume retained earnings<span> is $1,000 at the beginning of the year and $1,500 at the end of the year. The company also paid $300 in </span>dividends<span> during the year. 2. Subtract beginning </span>retained earnings<span> from ending </span>retained earnings<span> to</span>calculate<span> the year's </span>retained earnings<span>.</span>
Answer:
11.62%
Explanation:
Note: see the attached excel file for how the realized rate of return is estimated.
Face value = $1,000
Years completed = 9
Coupon rate = 11%
Coupon amount ($) = 110
Call premium = 9%
Call price = 1,090
Realized rate of return = 11.62%
Answer:
the tax rate should be of 45.83% to make indifferent for the investor
Explanation:
the municipal bonds pay no income tax according to United States IRS regulation
Therefore their rate will be the equivalent of the after-tax rate of a corporate bonds
to make it indifferent we should look at the rate that makes the after tax yield of the 12% equal to 6.5%
0.12 x (1-t) = 0.065
1 - 0.065/0.12 = t
t = 0.4583 = 45.83%
the tax rate should be of 45.83 to make indifferent for the investor
The general fund of the City of Columbia transferred money to establish an internal service fund for the city's data processing needs. The general fund of Columbia should account for this transaction as a interfund transfer
<h3>What is
interfund transfer?</h3>
Interfund transfers are asset flows between funds that do not have equivalent asset flows in return and do not require repayment. Transfers between funds are not used to account for interfund loans or borrowing.
If possible, you should save your second IFT for the end of the calendar month, but the market is in charge. Nobody possesses a crystal ball. Just keep in mind that using the second IFT early in the month removes you from the game until the beginning of the following month.
The term Interfund refers to transactions in which assets are transferred between two funds within an organization.
To know more about interfund transfer follow the link:
brainly.com/question/25280941
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