Present value of obligation is: 10,300(Cumulative PVF at 8% for two years)=10,300*1.783=$18,367.63
Duration of obligation is 1.4808 years.
The duration of a zero-coupon bond is 1.4808 years would immunize the obligation. $18,367.63(1.08)1.4808=$20,584.82.
If interest obligation increases to 9%, the value of the bond would be $18,118.65 and it changed by $0.19, the same is for if it falls to seven percent.
Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)
- Cutiepatutie ☺❀❤
Answer:
b. Debit Cash, $3,600; credit Unearned Legal Fees Revenue, $3,600
Explanation:
The journal entry to record the given transaction is as follows
Cash Dr $3,600
To Unearned legal fees revenue $3,600
(Being the collection is recorded)
Since the collection is made so we debited the cash account and credited the unearned legal fees revenue so that the correct posting could be made
Hence, the correct option is b.
Answer: Management Team
Explanation: The management team has authority over positions, resumes, and overall organizational structure of the business.
In general, male tigers may weigh between 150 and 310 kilograms (330 lb and 680 lb) and females between 100 and 160 kg (220 lb and 350 lb). The males are between 2.6 and 3.3 metres (8'6" and 10'9") in length, and the females are between 2.3 and 2.75 metres (7'6" and 9') in length.
If a consumer believes that the price of the good will be higher in the future he is more likely to purchase the good now. If the consumer expects that her income will be higher in the future the consumer may buy the good now. In other words positive expectations about future income may encourage present consumption.
