Answer:
$4540.19
Explanation:
Step 1: Get the formula for the value of the bond in 2018
Formula= P * (1+r)n
P= Investment = $5000
r= Coupon rate=6%
n= Period or number of years = 6 years
Step 2: Calculate the value of the bond in 2018
Value of the bond in 2018= 5000 * (1+ 0.06)6
= 7092.60
Step 3: Calculate the Present value of the bond
Formula= (P x Present Value Factor) + (Interest x The present value interest factor of an annuity (PVIFA))
(P x Present Value Factor) = (5000 x 1\(1+r)^n)
where r= rate of return= 8%
n= years = 6
(Interest x The present value interest factor of an annuity (PVIFA) =
Interest = (Coupon rate x Investment)
PVIFA= 1\(1+r)^n}
where r= rate of return= 8%
n= years = 6
= (5000 x 0.6307) + (300 x 4.6223
)
=4540.19
Answer:
D. All of these answer choices are correct
Explanation:
Use Accounting Equation
Events: Assets = Equity + Liabilities
Provided Services +45,500 +45,500
Collection from customers -38,000
+38,000
Expenses on Account -37,000 +37,000
Payment against payable <u>-32,400</u> <u> </u> <u>-32,400</u>
Net Impact <u>13,100</u> <u>8500</u> <u>4600</u>
Hence, It is proved that Assets, equity and liabilities are increased.
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