1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fredd [130]
3 years ago
5

"In 2020, a customer buys a 3% U.S. Government bond maturing in 2024 at 102. The customer elects to amortize the bond premium fo

r tax purposes. If the bond is sold after 2 years, its cost basis at that time is:"
Business
1 answer:
Talja [164]3 years ago
7 0

Answer: A. 101

Explanation:

Amortization is done on the premium of the bond if elected to be done by the owner.

Bonds at par are worth 100 so a 102 bond has a premium of 2.

If amortized, this premium will have to be amortized over the period till maturity which in this case is 4 years.

Amortization per year = 2 points / 4 years

= 0.5

In 2 years the amortization would therefore be 1 point.

Cost basis of Bond = 102 - 1

= 101

You might be interested in
When may a certificate holder request a hearing after receiving a notice of violation of TABC?
lapo4ka [179]
<span>You have 20 days to file a motion to request a hearing for a violation of the TABC. If the motion is denied, the permitee then has 30 days to file an appeal. The District Court then has 10 days to set the date for the hearing for the appeal.</span>
3 0
4 years ago
Read 2 more answers
A 480 item pencil and paper standardized test of 20 personality dimensions used in selecting managers, sales associates and lead
11111nata11111 [884]

Answer:

Hogan Personality Inventory

Explanation:

The Hogan Personality Inventory (HPI) is commonly used to predict job performance by measuring normal personality dimensions. It is specially used to measure certain specific traits and abilities: leadership and planning. It is based on the Five-Factor Model and was specifically developed for working adults in the business industry.  

It is part of the Hogan Assessment tests used to predict job performance.

6 0
3 years ago
What is economics, and how are the three sectors of the economy linked?
marysya [2.9K]

Answer:

This is a part of my Economic Resources doc and I'm not sure about the second part of the question but I hope it helps!

Explanation:

Economic Resources

For a firm (producer) to make any product, it needs to use ECONOMIC RESOURCES. These are INPUTS to be used together or combined efficiently to produce goods/services.

What you need to know:

What is a PRODUCER?

a person, franchise, brand or country etc. that makes, grows, or produces goods and services for sale to customers or consumers.

What is a RESOURCE?

a stock or supply of goods, materials, and products that can be bought  by a person or organization in order to function effectively.

What is an ECONOMIC resource?

Natural supplies that can be used to make a product. It is important for the success of the company.

Classification of Economic Resources:

Natural resources (LAND)

Natural resources are ones who are not man made and are there naturally. This could be land, light, water, electricity, etc.

Human resources (LABOUR)

Capital resources (CAPITAL)

Entrepreneurship (ENTERPRISE)

3 0
3 years ago
George is looking at the colors on a paint swatch card to select the right shade of red for his wall. he is able to differentiat
bulgar [2K]

Based on his perception of the differences in the shades, this can be attributed to the wavelengths of light reflecting from the shades. Wavelength in physics is being defined as measuring the direction in regards of the propagation of a wave in which are in between a two successive points in the wave that are being characterized by its same phase.

4 0
3 years ago
Match the example with the business structure that makes sense for it. To match the items, click the example, and then click the
Kazeer [188]

Answer:

Doug and Vanessa- partnership

Esperanza- sole partnership

Robyn- c corporation

Cuba- s corporation or LLC

Ming- nonprofit corporation

I hope this helps someone!!

7 0
3 years ago
Other questions:
  • Why is a sales tax a regressive tax?
    5·1 answer
  • Which of the following rights does one cosurety generally have against another cosurety?a. Exoneration.b. Subrogation.c. Reimbur
    6·1 answer
  • One of the unique problems that banks face is: A. they hold illiquid assets to meet liquid liabilities. B. they hold liquid asse
    13·1 answer
  • When an economy is experiencing higher real interest rates, business firms will most likely be discouraged from investing in:?
    11·1 answer
  • Once managers of The Grecian Urn have decided on their product concept and marketing strategy, they can evaluate the business at
    10·1 answer
  • Mark is the inventory-control manager at Shield Corp. He usually places an order for steel rods based on the firm's daily requir
    8·1 answer
  • Jase Manufacturing Co.'s static budget at 7,800 units of production includes $39,000 for direct labor and $3,120 for electric po
    14·1 answer
  • Given the historical cost of product Dominoe is $22, the selling price of product Dominoe is $30, costs to sell product Dominoe
    10·1 answer
  • The pharmaceutical industry is extremely dynamic. A company that releases a product to the general public with the intention of
    6·1 answer
  • Can somebody help me with my assignments
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!