Answer: 1. All of the bonds will have the same value when they reach maturity.
2. Seasoned Issue
Explanation:
1. From the graph given/attached, it is shown that all the bonds will converge in terms of price as they reach maturity. This is because they are different types of bonds and all bonds mature as they converge on par. Johnson's bond is a <em>discount bond</em> and so will increase in price as it approaches par. Irwin's is a <em>Par bond</em> so will not change as it is already at Par. Smith's bond will reduce in price as it approaches Par as it is a <em>premium bond</em>.
2. If the bond were a new issue it would not have been trading in the past few years but rather just the current year. As it has been trading in previous years, it has been around for some time making Johnson's bonds a Seasoned Issue.
Answer:
Net banking
Explanation:
Net banking is also called internet banking or online banking. It is targeted at customers who prefer to do their transactions from the comfort of their home. Rather than coming to the bank to perform transactions.
Various types of transactions are available on the net banking platform such as bank statement, bill payments, money transfers, and even booking of fixed deposit.
YES Bank platform provides online confirmation along with instant settlement for payments making cash flow forecasting easier and precise to the last minute.
They are providing net banking services to their clients.
Answer:
a) It will accrue revenue through time. As in November 6th it has the obligation to keep the downhill ski open or return the cash
cash 405 debit
unearned reveue 405 credit
--to record sales of season pass--
unearned revenue 81 debit
service revenue 81 credit
--year-end adjustment for accrued revenue--
Income statetent
service revenue 81
Balance sheet
Liaiblities
unearned revneue 324
Explanation:
We must recognize revneue following the acounting pricniples of conservatisim and matching when the time at they occur.
405 is the cost for 5 months (Dec 1st to April 30th)
so 405 / 5 = 81 cost per month
At decmeber 31th we recognize 1 month
ANd this will be the value included in the income statement
Answer:
0.60
Explanation:
The midpoint formula is used to calculate elasticity by using average percentage in both price and quantity.
The formula is given below:
Percentage change in quantity =<u> (Q2 -Q1) </u> x 100
(Q2 + Q1) / 2
Percentage change in price = <u> (P2 -P1) </u> x 100
(P2 + P1) / 2
Elasticity =<u> Percentage change in price__</u>
Percentage change in quantity
Inserting the data:
Percentage change in quantity =<u> (30 -20) </u> x 100 = <u>10</u> x 100 = 40%
(30 + 20) /2 25
Percentage change in price = <u>($20 - $10)</u> x 100 = <u>10</u> x 100 = 66.6%
($20 + $10) /2 15
Elasticity of supply = <u>40%</u>
66.6%
= 0.60
In this case, the $6,000 refers to your sales. If expenses and returns were deducted it will be your net sales. Sales refers to the activity of selling an amount of goods or services to consumers who enter your storefront. The goal is to make sure your sales are greater than all of our expenses to make sure you are turning a profit each month.