_____ data is defined as data that has been previously collected for any purpose other than the one at hand. select one:

Suppose investors can earn a return of 1.9% per 6 months on a Treasury note with 6 months remaining until maturity. The face val

DanielleElmas [232]

Answer:

$9,813.54

Explanation:

The face value of the T-bill is $10,000

Return of 1.9%

P= $10,000/1.019

= $9,813.54

Therefore the price you would expect a 6-month maturity Treasury bill to sell for is

$9,813.54 because The face value of the T-bill is $10,000 and the investors can earn a return of 1.9% per 6 months on a Treasury note with 6 months remaining until maturity leading to increase in the return of 1.9% because 1.9% will give us 0.019 plus increase of 1 which will give us 1.019.

8 0

3 years ago

During the year, Sheldon Company had net credit sales of $ 47 comma 000. At the end of the year, before adjusting entries, th

Maru [420]

Answer:

The balance of allowance for doubtful accounts is $ 1,880

Explanation:

Computation of balance in Allowance for Bad Debts

Total credit sales $ 47 comma 000

Estimated bad debts as a % of sales 4 %

Balance of Allowance for Doubtful accounts $ 1,880

The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.

4 0

3 years ago

Cost of Debt. Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate of 8%, paid annually. Today, th

stealth61 [152]

Answer:

5.925%

Explanation:

For computing the cost of debt, first we have to determine the YTM by using the Rate formula that is shown in the attachment

Given that,

Present value = $1,050

Assuming figure - Future value or Face value = $1,000

PMT = 1,000 × 8% = $80

NPER = 20 year - 1 year = 19 year

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this,

1. The pretax cost of debt is 7.50%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.50% × ( 1 - 0.21)

= 5.925%

8 0

3 years ago

At the beginning of 2021, Artichoke Academy reported a balance in common stock of $164,000 and a balance in retained earnings of

daser333 [38]

Answer:

Artichoke Academy

Statement of Stockholders’ Equity

For the Year Ended December 31, 2021

Beginning balance Common Stock $164,000

Beginning balance retained earnings $64,000

Subtotal $228,000

Common Stock issued $54,000

Earned net income $44,000

Distributed dividends ($11,400)

Ending balance Common Stock $218,000

Ending balance retained earnings $96.600

Total Stockholders' Equity December 31, 2021: $314,600

Artichoke Academy

Balance Sheet

For the Year Ended December 31, 2021

Assets:

Cash $54,000

Prepaid rent $31,000

Supplies $12,300

Land $270,000

Total assets: $367,300

Liabilities and stockholders' equity:

Accounts payable $13,600

Utilities payable $5,200

Salaries payable $4,900

Notes payable $29,000

Common stock $218,000

Retained earnings $96,600

Total liabilities and stockholders' equity: $367,300

7 0

3 years ago

Receive cash from customers, $15,000. Pay cash for employee salaries, $9,000. Pay cash for rent, $3,000. Receive cash from sale

Alexeev081 [22]

Answer:

Part 1

Cash Account

$

Debit :

Receive cash from customers 15,000

Sale of Equipment 8,000

Bank Loan 4,000

Totals 27,000

Credit :

Pay cash for employee salaries 9,000

Rent 3,000

Utilities 1,000

Advertising 7,000

Ending Balance 7,000

Totals 27,000

Part 2

Ending Balance is $7,000

Explanation:

Only Cash related purchases and receipts are posted to Cash Account. Thus ignore non-cash related transactions.

The Cash Account : Receipts are posted at the Debit side of this Account and Payments at the Credit Side.

The Balance : After determining the Totals of the Debit and Credit, the shortfall of any of that side represents the Balance.

7 0

3 years ago

_____ data is defined as data that has been previously collected for any purpose other than the one at hand.​ select one:

_____ data is defined as data that has been previously collected for any purpose other than the one at hand. select one: