Answer:
Yield to maturity(YTM) = 8.02%
Explanation:
Nper = 15
PMT = 65
PV = -870
FV = 1000
Yield to maturity(YTM) = Rate(Nper, PMT, -PV, FV)
Yield to maturity(YTM) = Rate(15,65, -870, 1000)
Yield to maturity(YTM) = 0.080207047
Yield to maturity(YTM) = 8.02%
Answer:
$800,000
Explanation:
Given that;
Sales revenue = $800,000
Cash collected = $645,000
Remaining amount cash collected in January = $155,000
And the delivery of goods is $11,100
Here, since the service revenue earned is $800,000 and same amount would be reported under the income statement, other items given would be ignored.
It therefore means that the sum of $800,000 should be the 2019 income statement report for service revenue.
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