Answer:
The proceeds from the simple discount note is $16380
, while that of simple interest is $19500
Explanation:
Simple discount notes could likened to a bank loan where interest on the loan is taken from the borrowed funds before disbursement to the loan's beneficiary,hence proceeds from such notes is face value of the notes less interest taken in advance.
While on the other hand,the proceeds from simple interest note is par or face value.
The discount or interest is =8%*$19500=$1560 for one year,but $3120 for two years($1560*2)
The proceeds on the simple discount note =$19500-$3120
=$16380
The proceeds on the simple interest note is face value of $19500
Answer:
D. I, II, III
Explanation:
For suggesting a variable annuity to a customer, the representative has the reasonable basis to trust the customer that gained from growth of the deferred tax for the separate account, the trust of receiving the income for life and the living or death benefit allowed in the contract
So here they all three give conditions should be considered as they are relevant
Rob Stohard invented the smartphone
Answer:
The accounts receivable balance on May 31 is $17850
Explanation:
First we need to determine the amount of credit sales for the month of May. The credit sales for May will be 70% of the total sales for May. Thus, the credit sales for May are,
Credit sales- May = 34000 * 0.7 = $23800
The accounts receivable balance at the end of May will contain the amount due from credit sales that are made in May that are still not collected and will be collected in the next month as per the company's policy.
Accounts receivable at the end of May = 23800 * 0.75 = $17850
Answer:
Option D $8333
Explanation:
The value of the irredeemable bond can calculated using the Dividend Valuation Model.
The formula for the computation is:
Value of the Bond = Interest paid / rate of return on a similar bond
Value of the Bond = $500 / 6% = $8333.33
Note that initially the bond was worth $5000 which can be calculated with the same formula:
Value of the Bond = $500 / 10% = $5000
The net increase is $3333
So the correct answer is option D.