Answer:
7.28%
Explanation:
For this question we use the RATE formula that is shown in the attachment below:
Provided that
Present value = $1,075
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 8% ÷ 2 = $40
NPER = 20 years × 2 = 40 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the coupon rate is
= 3.64% × 2
= 7.28%
Answer:
B. the value placed on the last unit of production by buyers exceeds the cost of production
Explanation:
Your answer is going to be B.
Answer:
Dr Interest Expense $805.44
Cr Cash $756
Cr Discount amortization $49.44
Explanation:
Preparation of the journal entries to correctly records the 2019 interest expense
Based on the information given the journal entries to correctly records the 2019 interest expense will be :
Dr Interest Expense $805.44
($10,068 * .08)
Cr Cash $756
($10,800 * .07)
Cr Discount amortization $49.44
($805.44-$756)
(To record Interest Expense)
The correct answer is openness. Openness is being defined as
having an overaching concept by which it is characterized by having to place emphasis
on free or transparency and that it is also defined as having a lack of
restriction.
