Answer:
The bond's real return for the year was 5.49%
Explanation:
In order to calculate the bond's real return for the year we would have to calculate the following formula:
bond's real return for the year=(1+Nominal rate of return)/(1+Inflation) -1
According to the given data Inflation=2.2 percent
To calculate the Nominal rate of return we would have to calculate the following:
Nominal rate of return=(Selling price + Interest coupon - Purchase price)/Purchase price
According to the given data:
Selling price=$976.26
Interest coupon=$43
Purchase price=$945.46
Therefore, Nominal rate of return=($976.26 + $43 - $945.46)/ $945.46
Nominal rate of return=7.81%
Therefore, bond's real return for the year= (1+7.81%)/(1+2.2%) -1
bond's real return for the year=5.49%
The bond's real return for the year was 5.49%
Week 6:
Upload your Completed Excel Worksheet and Access Database with Imported Data and Tables
By the end of this week you will submit your completed Excel worksheet with employee data and created chart. You will also need to submit your Access Database with imported Excel data and two tables containing employee personal information
and workplace information. Now that the information has been entered and formatted in Excel, import the data into Microsoft Access as ADP has requested. Arrange the data into two tables: Personal Information and Workplace Information. Important Note: The employees names (first and last) need to appear in both tables.
Week 7:
Upload your Completed Access Database & One-page Narrative
By the end of this week you will submit your completed Access database with tables, queries, forms, and report. You will also need to submit a one-page narrative that answers the three questions provided below.
Your next steps for Week 7 are to
: • Join the two (2) tables based on the Last Name field with referential integrity enforced.•
Perform a simple query based on the two (2) tables using any criteria you feel appropriate.•
Create a parameter query based on the two (2) tables using any criteria you feel applicable.•
Produce a form based on the records in the Personal Information table. Select a form design you believe represents the data in the most professional manner
Answer:
Cause of a "Prior Period Adjustment in 2025 Statement of Retained Earnings:"
A. Failure to Accrue Revenue at 12/31/24, but not 12/31/21 Depreciation Overstatement.
Explanation:
A company's failure to accrue revenue in accordance with the accrual concept and revenue recognition principle means that there is a "Prior Period Error" which must be corrected retrospectively in the financial statements (Retained Earnings). Retrospective restatement involves the correction of the error arising from the recognition, measurement, and disclosure of amounts of elements of financial statements. The restatement is done as if a prior period error had never occurred.
