Answer:
Today, the funder will invest 342,741.82 dollars
Explanation:
We invest on a lump sum of STRIPS which yield 6% with semiannual compounding.
Our target is 550,000 in eight years and each STRIPS is valued at 5,000
The STRIP is the coupon payment or maturity payment of a bond which sales like a zero coupon bond so we need to discount the 550,000 at the market rate to know the market price of the STRIPS:
Maturity $550,000
time 16.00 (8 years x 2 compounts per year)
rate 0.03 ( 6% annual divide into 2 to get semiannual rate)
PV 342,741.82
Answer:
interest expense 3,000 debit
interest payable 3000 credit
Explanation:
We will recognize the accrued interest for the period Nov 1st to Dec 31th
principal x rate x time
120,000 x 11%/12 x 3 months = 3,000
We divide the rate by 12 as there is express as annual rate and we need to match with time, which is months.
The entry will recognize interest expense for 3,000
and interest payable for 3,000
Answer:
Communicate differences to supervisors to facilitate promotion decisions
Explanation:
Budgets are used to <em>control</em> firm activities. In the process of controlling activities, managers and supervisors might meet the targets, this would be a good thing as the practices they applied are used in areas not meeting targets. thus budgets are used for <em>motivation</em> purposes instead of <em>facilitating </em>promotion decisions
Answer:
Thnkx for the information, but no
Explanation:
This is the Emotional Well-being definition. The emotional wellness <span>implies the ability to be aware of and accept our feelings, rather than deny them, have an optimistic approach to life, and enjoy life despite its occasional disappointments and frustrations.</span>