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sergey [27]
3 years ago
13

During 2017, the Gateway City government recorded a $15,000 transfer from the General Fund to an internal service fund; a $25,00

0 transfer from the General Fund to an enterprise fund; a $10,000 transfer from an enterprise fund to an internal service fund, and a $5,000 transfer from an enterprise fund to the General Fund. In the Business-type Activities column of the government-wide financial statements, Gateway City should report:
a. Net transfers out of $5,000.
b. Net transfers in of $10,000.
c. Net Transfers in of $25,000.
d. Net Transfers in of $35,000.
Business
1 answer:
Leya [2.2K]3 years ago
8 0
B. Net transfers out of $10,000
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Answer:

Current yield is 10.3%

Explanation:

Coupon payment = 1000 x 7% = $70 annually

Number of periods = n = 20 years

Yield to maturity = 11% annually

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $70 x [ ( 1 - ( 1 + 11% )^-20 ) / 11% ] + [ $1,000 / ( 1 + 11% )^20 ]

Price of the Bond = $557.43 + $124.03 = $681.46

Current yield is the ration of coupon payment to the price of the bond.

Current Yield = Coupon Payment / Price of Bond = $70 / 681.46 = 0.1027 = 10.3%

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3 years ago
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3 years ago
Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
spayn [35]

Answer and Explanation:

The computation is shown below

1. The adjusted balance in the retained earning is shown below:

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So, the adjusted balance in the retained earning is

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3 years ago
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Answer:

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January 31  Purchases          300             $ 60        $ 18,000

February 28   Purchases       150             $ 25          $3750

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3 years ago
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