Answer:
1. Debit Insurance Expense- $500 Credit Prepaid Insurance $500
2. $160 Beginning...
D. She is influenced by friends and he is influenced by culture
Answer:
b. $92,561
Explanation:
Face Value = 100,000.00
Term (in years) = 10
Total no. of interest payments = 20
Market Rate = 6.0% / 2 = 3.0%
Coupon Rate = 5.0%/2 = 2.5%
Amount PV factor Present Values
PV of Face Value of $100,000 0.553675754 $55,367.58
PV of Interest payment $2,500 14.87747486 <u>$37,193.69</u>
Issue Price of Bonds <u>$92,561.26</u>
The decision-making process followed by consumers to maximize utility assumes that the consumer has a limited income, the consumer is able to rank their preferences, the consumer behaves rationally.
The term utility used by the economist as a measure of satisfaction, happiness, a joy of a person.
Promoting Bill over Helen because he believes that men should be paid more than women is an example of discrimination on the job by the employer because it shows favoritism for Bill simply because he is a man and promotions like this should be based on good performance and not the sex of the employee.
