Let the original price be x.
then,
x- 25% of x= 24
x- 25x/100 = 24
x- x/4=24
3x/4=24
3x= 96
x= 32
in short...the original price= 32 dollars
Answer:
Price of bond is = $ 1057
Explanation:
As we know that;
Price of bond = C * [1-(1+r)∧-n] / r + F / (1+r)∧n
where C = periodic coupon payment = 1000 * 6%= 60
F = Face value of bond = 1000
r = yield to maturity = 5% = 0.05
n = number of periods till maturity = 7 years
Putting values;
= 60 * [ 1- (1+ 0.05)∧-7 ]/ 0.05 + 1000 / (1+0.05)∧7
= 60 * (0.2893 / 0.05) + 710
= 60 * 5.786 + 710
= 347.16 +710
= 1057
Answer:
O will increase and output and price level will increase as well.
Explanation:
If workers are more educated, the productivity of the country will increase, increasing total output. As investment in training increases, so thus the workers' capacity to perform more efficiently. Also, when the demand for better (or more) trained workers increases, the salary level will also increase. As workers gain training and/or experience, their salaries increase, e.g. on average, a person with a college degree earns much more than someone with just a high school degree. This increase in the level of salaries will lead to an increase in the general price level.
Answer:
a. Acct. receivable % uncollectible Est. uncollectible
1-30 days old $63,000 3% $1,890
31-90 days old $12,000 14% $1,680
> 90 days old $5,000 37% <u>$1,850</u>
Total <u>$5,420</u>
b. Date General journal Debit Credit
Dec 31 Bad debts expenses $5,150
Allowance for doubtful accounts $5,150
($5,420 - $270)
