Answer:
The answer is:
focus group
Explanation:
a focus group is a small group of a population, made up of the different categories of the members of the larger population (demographic diversity, whose reactions on particular research are studied using a guided or open discussions, to reflect reliably the reactions that can be expected from the larger population. Use of focus groups is for data collection. In this example, the intended research is on "how homeowners do yard work" and " their views on hiring lawn care services". The group to be focused on (focus group) is the homeowners, so anyone who does not own is home is not part of this group and in order for this group to accurately reflect all the homeowners population, it should include men and women, with different types of homes.
The appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
<h3 /><h3>Journal entry</h3>
The correct entry to record the transaction is:
November 17
Debit Cash $7,840
(98%×$8000)
Debit Sales discount $160
(2%×$8000)
Credit Account receivable $8,000
Therefore the appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
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Answer:
The quoted price of the bond is $1,748.41
Explanation:
The quoted price of the bond can be computed using the pv formula in excel which is given below:
=-pv(rate,nper,pmt,fv)
The rate is semiannual yield to maturity since the bond pay interest semiannually,which is 6.9%/2=3.45%
nper is the number of coupon interests the bond would pay over its entire bond life which is 24 years multiplied 2 i.e 48
pmt is the coupon interest payable semiannually which is $2000*5.82%/2=$58.20
The fv is the face value of the bond at $2000
=-pv(3.45%,48,58.20,2000)=$ 1,748.41
The bond quoted price is currently $ 1,748.41
