The duration of Security P based on the info given will be 11 years.
<h3>How to calculate the time?</h3>
From the information given, Security P is a preferred stock and Security Z is a zero coupon bond that has 11 years remaining until maturity.
Therefore, the duration will be:
= (1 + y)/y
= (1 + 0.1)/0.1
= 1.1/0.1
= 11 years
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Answer: b). Scarcity
Explanation:
Scarcity refers to the relative shortage of resources in comparison to human wants.
Non-renewable resources refer to the resources which do not renew itself at a sustainable rate and have the risk of depletion. In addition to this, human wants are unlimited, a normal human being wants more and more of everything.
When non-renewable resources and unlimited wants are combined together they lead to the shortage of resources, which lead to its <em>scarcity</em>.
Full question(find attached) :
Faiz would like to illustrate the commission savings delivered by a payment app compared with a credit card. He decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions.
From the information available, what is the difference between the payment app with the lowest charge, compared with a credit card charge?
A) $575
B) $1200
C) $1050
D) $480
E) $1237
Answer and Explanation:
Credit card processing firms charge an average of 3.5% and a flat fee of about 20 cents so we would make our comparison on this basis:
Since Faiz decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions
The customer would pay $50000/100= $500 per instalment
Given the information I'm the table from question Instant wallet charges 3.5% +$0.20 for transactions lower than $1500
= 0.035*$500+$0.20=17.5+0.20=$17.7
An average credit card processing firms would charge :
0.035*500+$0.35=17.5+0.35= $17.85
Therefore instant wallet is cheaper and would save a customer =$17.85-17.7= $0.15
Answer:
a debit to Accounts Payable for $1,400 and a $1,400 credit to Purchase Returns allowances
Explanation:
Periodic inventory system is one that updates information on inventory on a periodic basis. This is opposite of perpetual inventory system that requires update of inventory system at all times.
In the scenario the merchandiser bought the goods on account. That means he did not pay cash but rather bought on credit.
On purchasing the items accounts payable will be credited thereby increasing the account balance.
Since the items are being returned a debit will be applied to accounts payable resulting in a decrease in the account balance.
A credit will now be posted to purchase returns allowances to show that products have been returned by a buyer
Answer:
Decrease of $18,000
Explanation:
As there is a payment of dividend so it would reduce the stockholder equity by $50,000
And, there is an increase in account receivable for rendering the service that means the service revenue would increased so the stockholder equity would increased by $32,000
Now the net effect would be
= -$50,000 + $32,000
= -$18,000
