Answer:
Interest rate = 4.75% (approx)
Explanation:
Given:
Face value of bond = $1,000
Present value of bond = $954.70
Interest rate = ?
Computation of Interest rate :
![Interest rate = [\frac{Face value of bond}{Present value of bond}-1] \times 100\\](https://tex.z-dn.net/?f=Interest%20rate%20%3D%20%5B%5Cfrac%7BFace%20value%20of%20bond%7D%7BPresent%20value%20of%20bond%7D-1%5D%20%5Ctimes%20100%5C%5C)
![Interest rate = [\frac{1,000}{954.70}-1] \times 100\\\\Interest rate = [1.04744946-1] \times 100\\Interest rate = [0.04744946] \times 100\\= 4.744946](https://tex.z-dn.net/?f=Interest%20rate%20%3D%20%5B%5Cfrac%7B1%2C000%7D%7B954.70%7D-1%5D%20%5Ctimes%20100%5C%5C%5C%5CInterest%20rate%20%3D%20%5B1.04744946-1%5D%20%5Ctimes%20100%5C%5CInterest%20rate%20%3D%20%5B0.04744946%5D%20%5Ctimes%20100%5C%5C%3D%204.744946)
Interest rate = 4.744946%
Interest rate = 4.75% (approx)
Answer:
B) The Madrid Protocol
Explanation:
The Madrid Protocol is the international system used to register trademarks around the world. This protocol is based originally on the multilateral treaty of 1891 called the Madrid Agreement Concerning the International Registration of Marks. That treaty was later updated in 1989 by the Protocol Relating to the Madrid Agreement. By 2019, 120 countries had signed the Madrid Protocol.
Informal or indigenous bookkeeping system is defined as the system where a user makes only one entry to enter a business financial transaction. This is regarded as a “single
entry system”. The type of services they rovide include a daily summary of cash receipts and a monthly record of
receipts and expenses.
Answer: a) Fuel Connector's place of business.
Explanation:
Since Go-Flo is expected to pick up the goods from Fuel Connector Products, Inc., therefore, Go-Flo should pick up the the hose couplings and fittings from Fuel Connector's office. Also, since the contract does not specify a place so its only logical that Go-Flo would have to go to Fuel Connector's place of business.
Answer:
a. Utilities Expense 500
Cash 500
Explanation:
Given: Consulting immediately paid $500 cash for utilities.
As $500 cash been paid for utility expenses.
We know the golden rule of accounting transaction:
- Personal accounts: Debit the receiver, credit the giver.
- Impersonal real account: Debit what comes in, credit what goes out.
- Impersonal Nominal account: Debit all expenses and losses, credit all profit and gains.
Paid for utility expense of firm is not the personal account, however, it is impersonal account. In the given case, cash is going out of business.
Therefore, Debit all expense and losses and credit what goes out of business.
Journal Entry of the transaction:
Debit utility expenses account--- $500
Credit cash account--- $500
