Answer:
The adjusted book balance at August 31 is $13,824
Explanation:
The computation of the book balance is shown below:
= Cash balance + EFT payment on a note receivable + interest on the note - forgot to record check - check printing service fee - NSF check
= $11,667 + $2,830 + $150 - $643 - $80 - $100
= $13,824
The remaining transactions would be adjusted to bank balance
Answer:
A) market interest rates are high and falling
Explanation:
Bonds and interest rates have an indirect relationship. When interest rates rise, bond prices tend to fall.
Bonds pay interests on a fixed rate. When market interest rates are rising, investors will prefer investing in other options due their high return as opposed to the fixed returns from bonds. Bonds become less attractive, leading to a decline in prices.
Buying Bonds when the interests are rising means buying at a cheaper rate. When interest rates start falling, bond prices will rise again due to their inverse relationship.
Capital gains occur when an investment is bought at a lower price and sold at a higher price. Buying bonds when interests rate is high and selling when interests are low will lead to capital gains.
Answer:
Not filing your return will cost you an additional 5 percent of your unpaid tax bill each month.
Not paying what you owe will add an extra 0.5 percent each month to your overall IRS debt.
If you did not file on time and did not pay any tax you owed, you are subject to both penalties. However, the IRS actually gives you a bit of a break. The maximum penalty that you’ll pay for both in any given month is 5 percent, rather than 5.5 percent.
If you don’t file or pay for five months, the failure-to-file penalty will max out at 25 percent of your unpaid taxes. But the 0.5 percent failure-to-pay penalty will continue to accrue, up to another 25 percent of what you owe, until the tax is paid.
Interest also is charged on the overdue amount
If your due a refund then the only way to get it is to file
Explanation:
Answer:
(d) debt; opposite direction
Explanation:
Bonds or debentures represent fixed interest bearing instruments issued by corporates to raise long term funds i.e usually greater than 1 year repayable after a fixed duration.
Bonds could be of various forms such as zero coupon bonds, deep discount bonds, face value bonds etc
The common aspect of all being bonds represent debt which a corporation owes which must be repaid after a fixed duration. Also bonds demand periodic interest payments i.e fixed obligation which cannot be refused by the issuer company.
There is an inverse relationship between bond prices and market interest rates.
Reason : This is because if a higher interest rate prevails in the market than the coupon rate offered by the issuer, the issuer will have to reduce the price of it's bonds so as to make them attractive else investors would rather invest in other bonds in the market offering a higher rate of return.
