Explanation:
Consumers buy products for their own use, while businesses buy goods to use in their continuing activities and resell to consumers. Customers appetite and the need for manufacturing supplies force organizations to buy products in greater quantities than people.
Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
Answer:
5.79%
Explanation:
For the computation of current yield first we need to find the annual coupon is shown below:-
Annual Coupon = Coupon payment × Semi annual
= $28.25 × 2
= $56.5
Current Yield = Annual Coupon ÷ Market Price
= $56.5 ÷ $975.11
= 0.0579
or
= 5.79%
Therefore for computing the current yield we simply applied the above formula so that the correct rate could come
