Answer:
$1,035.84
Explanation:
Number of years to maturity (Nper) = 20
Annual Coupon payment (PMT) = 1000*2.35% =$23.50
Payment at maturity (FV) = $1000
Yield to maturity (Rate) = 2.13%
<em>Using the MsExcel Present value function</em>
Clean(flat) price = PV(Nper, PMT, FV, Rate)
Clean(flat) price = PV(20, 23.50, 1000, 2.13%)
Clean(flat) price = 1035.8436
Clean(flat) price = $1,035.84
The organization will continue to try to balance profit and social goals.
The primary reasons why companies are in business is to make profit. However, a company must be responsible in terms of performing corporate social responsibility to the community where it operates.
Contributing to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented is what is meant by corporate social responsibility.
However, where an organization is faced with heavy losses, it must continue to balance profit and social goals. When the company makes profit, then salaries will be paid, social goals will be fulfilled.
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Answer:
The Fixed overhead price is "U" (unfavorable) and the The fixed overhead production volume is "U" (unfavorable)
Explanation:
Solution
Given that:
Fixed overhead price Variance is computed as:
Fixed overhead price Variance = Actual - Budgeted
= 387,300 - 372,000
= 15,300 U
Thus,
The Fixed overhead production volume variance is computed as:
Fixed overhead production volume variance = = Budgeted - applied
= 372,000 - 361,200
= 10,800 U
Answer:
Explanation:
Since Notes payable is $6,100
The interest would be = $6,100 × 10% × 60÷ 360
= $101.67
Total of interest + notes payable = $6100 + $101.67
= $6201.67
So, the journal entry would be
Notes payable A/c Dr $6,100
Interest Expense A/c Dr $101.67
To Cash A/c $6201.67
(Being notes payable is accepted)
Since, notes is issued and interest is charged so both accounts is debit and cash is gone so it would be credited.
Answer:
Sophia's Net Worth
Sophia's net worth is:
= ($40,453).
Explanation:
a) Data and Calculations:
Assets:
Proceeds from sale of furniture = $450
Checking account deposit = 2,700
Savings account 7,500
Car 3,254
Total assets $13,904
Liabilities:
Credit card $179
Student loan after graduating 54,178
Total liabilities $54,357
Sophia's net worth = ($40,453)
b) Sophia's net worth is in the negative because of the student loan. This implies that she is in debt. A negative net worth simply means that Sophia owes more than she owns. In other words, Sophia's liabilities exceed her assets' value.