Answer:
BILL OF EXCHANGE. A payment method used in international trade that allows for a period of credit.
CHEQUE. A written instruction to a bank to transfer a certain sum to the account of the payee.
MONEY ORDER. ...
BANK DRAFT. ...
DEBIT CARD. ...
CREDIT CARD. ...
ELECTRONIC FUNDS TRANSFER. ...
DOCUMENTARY CREDIT.
Answer:
The value of the bond is 1,003.8771 after subtracting the accrued interest to the market value of the bond.
Explanation:
From the amount provide by the Wall Street Journal there are two component, the bonds value and the interest accrued over time.
we should calcualte the interst and subtract to get the bond value:
principal x rate x time = interest
rate and time should match, so the 5% rate should be convert into a 2.5% rate and we express time as portion of 182 days:
1,000 x 0.025 x (22-7)/182 = 2,060439 = 2.060439 interest
1,005.9375 - 2.0604 = <em>1,003.8771</em>
Answer:
Option C is correct. The American association in 1892 recommended the need to adopt uniform state laws to overcome dozens of issues. It helps businesses to move across state borders easily and key to jobs creations, developing efficiencies by diversified operations across the borders, etc. One of the disadvantage of uniformity of law is that it might not suit some cultures like in India. The cultural differences in India is varying after every 100 km distance. However there were some issues too in USA while adopting Uniformity of laws which was loss of opportunities for some businesses in some states.
Answer:
total liabilities = $169,008
Explanation:
total liabilities:
- Accounts Payable: $19,207
- Discount on Bonds Payable: ($7,000) ⇒ contra liability account
- Sales Tax Payable: 3,512
- FICA Tax Payable: 3,200
- Bonds Payable: 100,000
- Note Payable, due in two years 1,709
- Unearned Service Revenue 30,500 ⇒ must be reported as a liability
- Salaries and Wages Payable 17,880
to determine the total liabilities we just have to add both current and long term liabilities, and subtract any contra liability accounts = $176,008 - $7,000 = $169,008
Answer:
The correct answer is letter "A": the ease with which an asset is converted to the medium of exchange.
Explanation:
The liquidity of an asset reflects the ease with which it can be transformed from investment to cash. Liquid assets are those that can be transformed easily to cash and see little or no difference in the value of the assets when transformed. Illiquid assets are more difficult to convert and can result in a major decrease in value once converted.