If your savings account balance increases by $10 .The categories on your balance sheet affected is: savings account and cash.
<h3>What is savings account?</h3>
Savings account can be defined as the account that help you to save your money while you earn interest on the amount saved.
In a situation where the money in your savings account increase by $10 because of the interest earne, cash will be affected under current assets on your balance sheet.
Inconclusion the categories on your balance sheet affected is: savings account and cash.
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Answer:
The coupon rate is 10.3%
Explanation:
The interest to set on the bond in order to sell them at par can be computed using rate formula in excel:
=rate(nper,pmt,pv,fv)
nper is the number of times the bond would pay interest over its time to maturity which is 19*2=38
pmt is the interest payment semi-annually at $1000*10.3%/2=$51.5
pv is the price of the bond which is the par value of $1000
fv is the value at redemption which is also $1000
=rate(38,51.5,-1000,1000)
rate=5.15%
this is the semi-annual rate ,the yearly yield to maturity is 5.15%*2=10.30%
When a bond sells at par the yield to maturity is the same as the coupon rate
Answer:
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Explanation:
Answer:
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Answer: 6.0 million shares
Explanation: Six million shares would be the current number of shares of treasury stock after the transaction indicated above have all been accounted for. The treasury stock is defined as the issued stock of an incorporated company held by the company itself and the total issued stock for a company equals the sum of outstanding stock and treasury stock. When an incorporated company reissues treasury stock for more than it originally paid for the stock, it does not report a gain.
Given this, Treasury stock (shares held by the company) would be equal to 6.0 million shares