Answer:
d) purchase coffee at the local coffee shop before class.
Explanation:
Money is used as a medium of exchange when buying or selling goods or services take place. Pertaining to this question, Money is functioning as a medium of exchange if you purchase coffee at the local coffee shop before class.
Answer:
8.02%
Explanation:
the yield to call = {coupon + [(call price - market price)/n]} / [(call price + market price)/2]
- coupon = $50
- call price = $1,020
- market price = $1,150
- n = 10 x 2 = 20
YTC = {50 + [(1,020 - 1,150)/20]} / [(1,020 + 1,150)/2]
YTC = 43.50 / 1,085 = 4.01% x 2 (annual interest) = 8.02%
Answer:
E. 1.20
Explanation:
The formula and the computation of the debt-equity ratio is shown below:
Debt equity ratio = (Total debt ÷ Shareholders’ Equity)
where,
Total debt = $348,092
And, the shareholder equity would be
= Total assets - total debt
= $638,727 - $348,092
= $290,635
So, the debt - equity ratio would be
= $348,092 ÷ $290,635
= 1.20
Answer:
a: debit to Insurance Expense for $47
Explanation:
Based on the information given If, on December 31, 2017, the insurance still unexpired amounted to $15, the adjusting entry would contain a:
DEBIT TO INSURANCE EXPENSES FOR $47 calculated as:
Insurance expense=Prepaid Insurance -Unexpired insurance
Insurance expense=$62 -$15
Insurance expense=$47
Therefore the adjusting entry would contain a:
DEBIT TO INSURANCE EXPENSES FOR $47
