Solution:
Let x = amount invested at 6% and
let y = amount invested at 2%.
We can set up some equations that describe x and y:
"$17,200 is invested total" means
x + y = $17,200
"The interest earned from the amount invested at 6% exceeds the interest earned from the amount invested at 2% by $441.00" means
0.06x = 0.02y + $441.00
Solve for x in the first equation to get x = 17,200 - y, then plug that into the second equation and solve for y:
0.05(17,200 - y) = 0.02y + 441.00
860 - 0.06y = 0.02y + 865.35
5.35 - 0.09y = 0.02y
154.80 = 0.11 y
1407 = y
So, $1407 was invested at 2%. Plug y = 1407 into the first equation and solve for x:
x + 1407 = 17,200
x = 15,793
So, $15,793 was invested at 6%.
Answer:
Dr Depreciation Account 5,000
Cr suspense Account 5,000
Explanation:
Based on the information given if the amount of Rs.5,000 which was written off as depreciation on furniture has not yet been debited to depreciation account the appropriate Journal entry to rectify the transaction is :
Dr Depreciation Account 5,000
Cr suspense Account 5,000
(Being to rectify the amount of Depreciation not debited in depreciation account now recorded)
Answer:
Yield to Maturity(YTM) = 3.47%
Explanation:
<em>The yield to maturity is the required rate of return (discount rate) that would equate the price of the bond and cash outflow expected from the bond. The yield on the bond can be determined as follows using the formula below: </em>
YTM = C + F-P/n) ÷ 1/2 (F+P)
YTM-Yield to maturity-
C- coupon
F- Face Value
P- Current Price
DATA
Coupon = coupon rate × Nominal value = 1,000 × 8%× 1/2=40(note we divide by 2 because interest is paid semi-annually)
n= 4×2 = 8 (note there 2 half months in a year)
Face Value = 1000
YM-?, C-40, Face Value - 1,000, P-103.75/100× 1000 = 1037.5
YM = (40 + (1000-1037)/8) ÷ ( 1/2× (1000 + 1037.5 ) ) =0.0347
YM = 0.0347
× 100 = 3.47%
Yield to Maturity = 3.47%
Answer and Explanation:
The adjusting entry is as followS:
Rent expense $2,500
To Prepaid rent $2,500
(Being rent expense is recorded)
Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets
The rent for one month is
= $15,000 ÷ 6 months × 1 month
= $2,500
Answer:
The 4 Ps of marketing are product, price, place and promotion. All four of these elements combine to make a successful marketing strategy. Promotion looks to communicate the company’s message across to the consumer. The four main tools of promotion are advertising, sales promotion, public relation and direct marketing.
Thank you hope it is helpful if it is helpful plz mark me as brainlist
