It indicates signs of inflation in the economy
Answer:
Explanation:
The journal entry is shown below:
Bonds payable A/c Dr $640,000
Premium on bonds payable A/c Dr $23,970
Loss on bonds redemption A/c $8,030
To Cash A/c $672,000 ($640,000 × 1.05)
(Being the redemption of bond is recorded and the remaining balance is debited to the Loss on bonds redemption account)
The Premium on bonds payable is computed below:
= Carrying value of the bonds - face value of the bond
= $663,970 - $640,000
= $23,970
Answer:
B. Organization chart
Explanation:
An organization chart shows or gives a graphical/visual representation of the organization's or company's structure. Its shows the interrelationship between various units in the organization or company. It conveys the organization's internal structure by specifying roles, responsibilities by position and relationships between individuals in the organization or company. They are also called organogram or organigram.
I would do make me a millionaire
Answer:
$20.64
Explanation:
Use the rate of return formula to solve for the new price;
r = ( P1 +Div1 -P0)/P0
whereby;
r = rate of return = 10.8% or 0.108 as a decimal
Div1 = Next year's dividend amount = $0.51
P1 = next year's stock price =?
P0 = Current stock price = $19.09
Next, plug in the numbers to the formula;
0.108 = (P1 + 0.51 - 19.09) / 19.09
Multiply both sides by 19.09;
2.0617 = P1 -18.58
Add 18.58 on both sides;
2.0617 + 18.58 = P1
20.64 = P1
Therefore, you need to sell the share at $20.64
