Answer:
Bond Price = $951.9633746 rounded off to $951.96
Explanation:
To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment, annual number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.
Coupon Payment (C) = 1000 * 10% = $100
Total periods remaining (n) = 3
r or YTM = 12%
Bond Price = 100 * [( 1 - (1+0.12)^-3) / 0.12] + 1000 / (1+0.12)^3
Bond Price = $951.9633746 rounded off to $951.96
Answer:
d. $5,000
Explanation:
Patnode's information is missing, so I looked it up. I found the balance sheet for 2014 and 2015. Hope that it is the same question:
total depreciation expense for 2015 = change in accumulated depreciation (2015 - 2014) + change in accumulated amortization (2015 - 2014) = ($3,000 - $0) + ($3,000 - $1,000) = $3,000 + $2,000 = $5,000
Answer:
The working capital for 2017 is $15,500
Explanation:
Working capital: It shows a difference between the currents and the current liabilities
In mathematically,
Working Capital = Current Assets - current liabilities
where,
Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory
= $46,500 + $24,000 + $57,000 + $158,000
= $285,500
And, the current liabilities = Accounts Payable + Salaries Payable
= $133,500 + $17,000
= $150,500
Now put these values to the above formula
So, the value would equal to
= $285,500 - $150,500
= $15,500
Answer:
Savings rates decrease as income increases.
Explanation:
Consumption can be defined as the use of goods and services by the household or end users.
The true and correct statements about consumption are;
1. Wealthy people consume more than other people.
2. Expectations about future prices affect consumption.
3. Tax increases reduce consumption.
The incorrect statement concerning consumption is that, savings rates decrease as income increases because an increase in income generally result in an increase in savings rates.
Answer:
Journal entry for raw material used will be :
Dr. Work in process Inventory $141,000
Cr. Raw materials Inventory $141,000
Explanation:
The beginning Raw Materials Inventory balance = $22,000
The materials used to complete jobs during the month = $141,000 of direct materials and $13,000 of indirect materials
Journal entry for raw material used will be :
Dr. Work in process Inventory $141,000
Cr. Raw materials Inventory $141,000
The form of inventory is modified but the company's assets remain in the form of Work in Process. Assets are debited at all times.