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3 years ago

What is a general ledger

2 answers:

5 0

A general ledger contains all accounts the company had transacted. It is the main accounting record in which the figures are used to produce financial statements. It has debit, credit and account balances for all assets, liabilities and equity for a given period.

vekshin13 years ago

5 0

A company's main accounting records.

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A corporate bond with a 6.5 percent coupon has 15 years left to maturity. It has had a credit rating of BBB and a yield to matur

Scrat [10]

Answer:

Price change in dollars = $104.22

% decrease in price of dollars = 11.13%

Explanation:

We assume the corporate bond have a face value of $1,000

Face Value = $1000

Coupon = 6.5%*1000/2 =32.50

Number of Periods = 15*2 =30

Semi annual rate of BBB bond = 7.2%/2 =3.6%

Price of BBB Bond = PV of Coupons + PV of Par Value =

Price of BBB Bond = 32.50*(((1-(1+3.6%)^-30)/3.6%)+1000/(1+3.6%)^30

Price of BBB Bond = $936.43

Semiannual Discount Rate for BB bond = 8.5%/2 = 4.25%

Price of BB Bond = PV of Coupons + PV of Par Value

Price of BB Bond = 32.50*(((1-(1+4.25%)^-30)/4.25%)+1000/(1+4.25%)^30

Price of BB Bond= $832.21

Price change in dollars = $936.43 - $832.21

Price change in dollars = $104.22

% decrease in price of dollars = $104.22 / $936.43

% decrease in price of dollars = 0.111295025

% decrease in price of dollars = 11.13%

6 0

3 years ago

A(n) _____ is a government-backed mortgage. balloon FHA GHA ARM

Kisachek [45]

I would say FHA, from what I know.

6 0

3 years ago

****30 POINTS*******If you were about to launch a new business, would you write your business plan from scratch or use a softwar

Sav [38]

Answer:

Use a software program

Explanation:

When you use it a software program the presentation is much cleaner than hand written and is easier to edit. But a software program can be stolen, or deleted.

Paper layouts can be stolen but if lost it may be found.Paper layouts are easier to make though because you dont have to add special effects by scrolling and scrolling because you can do it quickly with you pencil.

4 0

3 years ago

The Seattle Corporation has been presented with an investment opportunity which will yield cash flows of $30,000 per year in Yea

Sergio [31]

Answer:

payback period = 4.86 years

Explanation:

given data

cash flows year 1 = $30,000 per year

cash flows year 5 = $35,000 per year

cash flows year 10 = $40,000 per year

investment cost = $150,000