Answer:
6.54%
Explanation:
Face Value = $2,000
Current Price = 2000 x 99.727% = 1994.54
YTM = 6.56%
We can find the coupon rate by a simple formula
Coupon Rate = (Interest / Face value) x 100
We need to find interest first in order to find coupon rate
YTM = Interest / Current price
6.56% x 1994.54 = Interest
130.84 = Interest
Coupon Rate = (130.84 / 2000) x 100
Coupon Rate = 6.54%
Answer:
The correct answer is letter "B": inefficiencies result when incentives to produce are reduced.
Explanation:
Equity-efficiency tradeoff takes place when attempting to optimize the production efficiency, distribution of wealth is diminished. The concept is always linked to moral philosophy because it implies taking about how people organize themselves in the way to produce and share their goods in a fairly. According to this point of view, when there is not enough motivation to produce inefficiencies arise.
Answer: George Washington
Explanation: He was a founding father of the U.S, establishing his importance in history and earning a place on the U.S currency.
Answer:
Debit to Bad Debt Expense for $7,700
Explanation:
Based on the information given we were told that company's accounts receivable shows the estimate of uncollectible accounts totals of the amount of $6,400 while the Allowance for Doubtful Accounts has the amount of $1,300 as the debit balance. This means that the adjustment to record the bad debt expense for the period will require a
Debit to Bad Debt Expense for $7,700 Calculate as:
Dr Bad Debts 7700
(6300+1300)
Cr To Allowance for Doubtful Accounts 7700
