Answer:
current market price = $953.29
Explanation:
the market price of the bond = present value of the face value + present value of coupon payments
PV of face value = $1,000 / (1 + 3.865%)¹⁸ = $505.31
PV of coupon payments = $35 x 12.79935 (PV annuity factor, 3.865%, 18 periods) = $447.98
current market price = $505.31 + $447.98 = $953.29
Answer:
business plan
Explanation:
A<u> business plan</u> is a written document that details the business idea, the target market and the business's competitive advantage, financial resources available for the business, and the qualification of the management.
Answer:
Journal entry
Explanation:
Before passing the journal entry we need to do the following calculations
Uncollected amount is
= $4,400 × 50%
= $2,200
Uncollected amount is
= ($4,400 - $2,200) × 0.03
= $2,200 × 0.03
= $66
So, the total amount is
= $2,200 + $66
= $2,266
Now the journal entry is
Bad debt expense $2,266
To Allowance for uncollectible accounts $2,266
(Being the uncollectible account is recorded)
Answer:
Option (D) is correct.
Explanation:
We all know that a country imposes tariffs on the imports of a commodity to restrict imports from other country.
Specific tariff is a type of tariff that will be imposed on the every unit of a commodity that will be imported in a country. It is a amount of money that a person have to pay for every unit he or she imports.
It is mostly levied on the products like Fertilizers, rice, wheat, cloth, sugar, cement, etc.
Answer:
$28,000
Explanation:
Data provided in the question:
Cost of the building purchased = $140,000
Estimated salvage value = $8,000
Expected useful life = ten years
Now,
Annual rate of depreciation using the double-declining-balance method
= 2 × [ 100% ÷ (Useful life )]
= 2 × [ 100% ÷ 10 ]
= 2 × 10%
= 20% or 0.20
Therefore,
Depreciation expense for 20X1 = Cost of building × Rate of depreciation
= $140,000 × 0.20
= $28,000
