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IgorC [24]
4 years ago
6

The following selected account balances appeared on the financial statements of Washington Company:

Business
1 answer:
polet [3.4K]4 years ago
4 0

Answer: $72,696

Explanation:

Cash collections from customers = Sales + Decrease in Accounts Receivable:

= 62,595 + (16,209 - 6,108)

= $72,696

Sales represents cash sales and decrease in accounts receivable will represent the amount collected from the debtors.

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The main role of banks in the nations economy is to
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A 3-year annual coupon bond has coupons of $12 per year starting one year from now and matures in 3 years for the amount $100. T
Ganezh [65]

Answer: Macaulay Duration = 2.6908154485 = 2.69

Explanation:

Macaulay Duration = Sum of Cash flows Present Value/ current bond price

Cash flows: year 1 = $12

Cash flows: year 2 = 12

Cash flows: year 3 = 100 + 12 = 112

Sum of Cash Flow PV = (1×12÷ (1.118)^1) + (2×12÷ (1.118)^2) +(3×112÷(1.118)^3)

Sum of Cash Flow PV = 270.37857712

Current Bond Price or Value = Face Value/ (1+r)^n + PV of Annuity

Current Bond Price or Value = 1000/ (1.118)^3 + (30×(1 - (1+0.118)^-3)/0.118

Current Bond Price or Value  = 100.48202201

Macaulay Duration = 270.37857712 ÷ 100.48202201

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4 0
3 years ago
The voting age should be lowered? Why?​
marissa [1.9K]

Answer:

This is a two way question.

Explanation:

Voting is a privilege given to adults once they are 18 or older because that is the legal age that you are no longer considered a minor. I do not think children should be able to vote because they are obviously to young to have such responsibility as choosing the best candidates for the job, I do however believe that children and adults should be given the education and knowledge of political stances and parties whenever possible, to provide a higher percentile of average people to vote and actually know what they are voting for. This question is and should be considered a strictly opinionated topic.

6 0
3 years ago
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Answer:

account B

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only can choose between b & C based on min balance of $300

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(A).I beleve is correct but im not 110% sure

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