Answer:
The rate of return on the investment is 10.79% per year
Explanation:
The rate of return on the bond can be calculated using the future value formula, which is given as :
FV=PV*(1+r)^N
FV future value is the value of investment at redemption at $25000
PV is the current price of the bond now at $4,850
r is the rate of return on the bond which is unknown
N is th number of years the bond matures which is 16 years
25000=4,850*(1+r)^16
divide both sides by 4850
(25000/4850)=(1+r)^16
divide the exponential on both sides by 16
(25000/4850)^1/16=1+r
1.107930178
=1+r
r=1.107930178
-1
r=0.10793
r=10.79%
Answer:
Nominal Approach
Explanation:
The approach which is followed by manager is the Nominal approach or technique, it is that technique which involves the group process comprise of solution generation, decision making and problem identification.
It can be used many sizes of the group, who want to take a decision as by vote, rank but include everyone opinions. Therefore, in situation, this approach is used.
Answer:
Explanation:
The journal entry to record the accrued expense is shown below:
Example:
Wages expenses A/c Dr XXXXX
To wages payable A/c XXXXX
(Being the accrued expenses is recorded)
While recording the wages expenses, we debited the accrued expenses as it increases the expenses account and credited the wages payable account as the liabilities account is also increased
Answer: B) guaranteeing product quality.
Explanation: After products might have been manufacturing and processing might have been fully completed, finished goods will have to be concealed in an enclosed brand in other to afford the product a certain level of protection, easy handling and convenience to carry around. However, product packaging often goes beyond giving product protection, it is used by manufacturers to appeal and seduce customers to a certain degree in to buying their product over its rivals. Hence, good packaging adds value to a product. However, it is worthy of noting that product packaging does not determine the quality or effectiveness of the product being sold as this depends on the type of material and effort put in during production.
