Answer:
The state of New York should offer bonds at 4.76% to make indifference to purchase their bonds than Surething Inc.
Explanation:
the corporation has to pay income taxes while the State of New York do not pay for income taxes thus his yield is after-tax.
Surething Inc after tax rate:
pre-tax x (1 - tax-rate) =6.8% x ( 1 - 30%) = 0.068 x (1-0.30) = 0.0476 = 4.76%
Currently the corporation bond yield a higher rate than the State of New york (4.76% against 4.10%)
<span>False.
Industrial policies of the United States have been less formal than those of Europe and Japan. The U.S. government encourages exports via its Export-Import Bank and Commodity Credit Corporation. Firms are also allowed to form export trading companies and export trade associations.</span>
Answer:
The begining cash balance = $4100
Explanation:
Given:
Cash receipts = $7900, Cash disbursements = $ 9400, Ending cash balance = $2600.
<u>To find out the cash balance at the begining of the month, the following is to be used </u>
Begining Cash balance = Ending cash balance + cash disbursements - cash receipts
Putting the given figures in this we get,
Begining Cash balance = $2600 + $9400 - $7900
= $4100
Answer:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
Explanation:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
