Joan's bond receivable has earned a 15.49% rate of return for the past year.
Data and Calculations:
Face value of the corporate bond = $1,000
Annual coupon rate = 11%
Maturity period = 25 years
Expected yield too maturity (YTM) = 11.96%
Current bond's price = $1,154.91
The rate of return earned since last year = 15.49% {($1,154.91 - $1,000)/$1,000}.
Thus, Joan's bond receivable has earned a 15.49% rate of return for the past year.
Learn more about yield to maturity and rate of return on corporate bonds here: brainly.com/question/15851749
Answer:
(a) Which of the following statements best explains in layman terms how Costco accounts for the cash received for its membership fees?
- When it receives cash, the company records it as a current liability. Then, it recognizes revenue evenly over the year.
(b) Use the balance sheet information on Costco's Deferred Membership Fees liability account and its income statement revenues related to Membership Fees earned during 2016 to compute the cash that Costco received during 2016 for membership fees.
beginning membership fees + cash received - membership fee revenue = ending membership fee balance
$1,269 + cash received - $2,646 = $1,362
cash received = $1,362 + $2,646 - $1,269 = $2,739 million
(c) Use the financial statement effects template to show the effect of the cash Costco received during 2016 for membership fees and the recognition of membership fees revenue for 2016.
Use negative signs with answers, when appropriate.
Balance Sheet
Cash Asset + Noncash Assets = Liabilities + Contributed Capital + Earned Capital
Receive cash in advance for membership fees ⇒ $2,739 + na = $2,739 + na + na
Recognized membership fees earned ⇒ na + na = -$2,646 + na + $2,646
Income Statement
Revenue - Expenses = Net Income
na na na
$2,646 na $2,646
The short-run aggregate supply curve would be expected to increase (shift to the right) as a result of productivity increases or the price of key inputs falling.
<h3>What is an aggregate supply curve?</h3>
The aggregate supply curve is a curve that shows the total supply of products and goods and services. These total goods are the supply of products to the company that sells the goods.
The short-run aggregate supply curve gets right when the price of products decreases.
Thus, if productivity rises or the cost of essential inputs decreases, the short-run aggregate supply curve should rise (move to the right).
To learn more about the aggregate supply curve, refer to the link:
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Answer:
The correct answer is: enter the market; exit the market.
Explanation:
In a perfectly competitive market, there is no restriction on entry and exit of firms. So profits will attract other potential firms to join the market. And when the existing firm incurs losses it will cause them to stop operating and exit the market.
Because of this, the firms in competitive settings are motivated to produce at a low cost and they come up with new ideas to please customers so that they earn a profit.
Answer:
The answer is given below;
Explanation:
Site-cleanup costs $138,000,000
This will give rise to deferred tax asset of $138,000,000*20%=$27,600,000
Tax Depreciation excessive for the year=$9,660,000
Excess tax depreciation deducted in current year will give rise to deferred tax liability=$9,660,000*20%=$1,932,000
Current Tax Expense =$44,160,000
Deferred Tax During 2020 are;
Deferred Tax Asset $9,660,000
Deferred Tax Liability $1,932,000
Current Tax Expense $44,160,000
