Answer:
10.53%
Explanation:
In this question, we use the RATE formula that is shown in the attachment. Kindly find it below:
Data provided
Present value = $34,500
Future value or Face value = $0
PMT = $4,200
NPER = 11 years × 2 = 22 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the rate of return is 10.53%
Explanation:
d indirect materials used in production hope it's right
Answer: A. Currency traders who believe that the value of the ruble in the future will be less than its value today.
Explanation:
In the foreign exchange market, currencies are traded at different prices. From the options given in the question, the correct option is option A (Currency traders who believe that the value of the rubleruble in the future will be less than its value today).
When the currency traders believe that the value of the rubel is going to depreciate in the future, they will start selling the rubels and this will lead to a decrease in the demand for it because it will depreciate. Here, the supply will increase but the demand will reduce.
Answer:
The Journal entries are as follows:
(1)
Cash A/c Dr. $484,087
Discount on Bonds Payable A/c Dr. $15913
To Bonds Payable (a liability account) $500,000
(To record the first semiannual interest payment )
Workings:
Discount on bonds = 500,000 - 484,087
= 15,913
2.
Bonds payable A/c Dr. $200,000
To Cash 200,000
(To record the amortization of any bond discount)
Answer: e. Decreases asset and expense accounts, and increases liability, common stock, and revenue accounts.
Explanation:
Let's evaluate each of the options as follows:
a. Is always a decrease in an account - This is false because a credit entry increases liability, common stock and revenue accounts.
b. Is recorded on the left side of a T-account - Although in modern day accounting, the use of T-account has been relegated to the background. However, if entries are to be recorded using the T-account, all debits are posted to the left side while all credits are recorded on the right side of the account.
c. Increases asset and expense accounts, and decreases liability, common stock, and revenue accounts - It does not increase asset and expense accounts, rather it reduces them. The opposite applies to liability, common stock, and revenue accounts.
d. Is always an increase in an account - This is false.
Therefore, option e is correct because a credit entry reduces asset and expense accounts, and increases liability, common stock and revenue accounts.
