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3 years ago

What term is used to describe an account that a bond trustee manages for the sole purpose of redeeming bonds early?

Business

2 answers:

sasho [114]3 years ago

4 0

Answer:

Sinking fund

Explanation:

Sinking fund is a term used to describe an account that a bind trustee managed for the sole purpose of redeeming bonds early.

sinking fund: This can be seen as a type of fund that is created for the sole aim of repaying debt. It is created for the purpose of making debt easier to pay off.

The sinking fund account owner set aside a particular amount of money for a specific purpose.

Sinking funds is used to entice investors because in the case of default or bankruptcy, sinking fund will still allow investors to get their investment back. it is also a means used by corporations for bonds and deposits money to buy back issued bonds or parts of bonds before the maturity date arrives.

Greeley [361]3 years ago

3 0

Answer:

Sinking found

Explanation:

For we to have clearer picture, let's define sinking found. It can define as a fund having money put aside or saved use in paying off a bond or debt. A company that has issues with debt and will need to pay the debt off in the future,the sinking fund will help to reduce the difficulty of a large outlay of revenue. Therefore, sinking found is the term use for the main purpose of redeeming the bond early.

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3 years ago

Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted

kozerog [31]

Answer:

Answer is explained in the explanation below.

Explanation:

Solution:

According to the data given: This can be solved as following. (Note: we are not given income tax tables to calculate the accurate net pay. So, according to given information here. Following is the accurate one. )

Let's assume, a 6.2% tax rate for SS ( Social Security) and 1.45% tax rate on Medicare:

So,

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Gross Pay = Pay per hour x total number of hours

Gross pay = $14.30 x 80 hours

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Now, calculate the Rhonda's Reduction for Social Security:

Rhonda's Reduction for Social Security = $1,144 x 6.2%

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Similarly, Rhonda' Reduction for Medicare:

Rhonda' Reduction for Medicare = $1,144 x 1.45%

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So Finally,

Rhonda's Take-home Pay for her first check will be = Gross pay - Rhonda's Reduction for Social Security - Rhonda' Reduction for Medicare

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3 years ago

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kap26 [50]

Answer:

B. Subscribers cancelling their subscriptions

Explanation:

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3 years ago

The analysis of the behavior of individual decision-making units is the definition of

Sphinxa [80]

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3 years ago

Read 2 more answers

During the month of June, Telecom Inc. had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labo

olchik [2.2K]

Answer:

Beginning work in process= $7000

Explanation:

Giving the following information:

Cost of goods manufactured by $112,000.

Direct materials cost of $52,000

Direct labor cost of $37,000.

Overhead cost of $26,000.

The work in process balance at June 30 equaled $10,000

Work in process on June 1?

Cost of goods sold= Beginning work in process + direct material + direct labor + manufacturing overhead - ending work in process

112000= ? + 52000 + 37000 + 26000 - 10000

Beginning work in process= 112000 - 52000 - 37000 - 26000 + 10000= $7000

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3 years ago