Answer:
Yield to maturity = 58.5%
Explanation:
<em>The yield to maturity on the loan can be worked out using the Future value of a lump sum formula. </em>
<em>The future value of a lump sum is the amount it would amount to if interest is earned and compounded at a certain interest rate. </em>
The formula is
FV = PV × (1+r)^(n)
PV = Present Value- 1,500
FV - Future Value, - 15,000
n- number of period- 5=
r- yield to maturity ?
15,000 = 1,500× (1+r)^(5)
(1+r)^(5) =15,000/1,500 =10
(1+r)^(5) =10
1+r = 10^(1/5)
r= 10^(1/5) -1 = 0.5848
r = 0.5848 × 100 = 58.5%
r=58.5%
Yield to maturity = 58.5%
Answer:
$1.96
Explanation:
The disparity between the delivery price and the actual forward price discounted at the specified discount rate will be the current value.
Thus, it can be calculated by using the following formula:
Based on the information given, the items that can be reflected in the account activity but that the person cannot account for include bank charges and transactions involving the use of ATMs.
From the complete information, it should be noted that there are bank charges that are charged by the banks. In this case, the account may not reflect the spending that has actually been done.
Also, there are taxes that are charged on the goods that the person bought. Therefore, this will be reflected on the account activity and will give rise to a higher value than the amount that the person actually spends.
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Answer:
Credit
Explanation:
The Common Stock Account is a also known as the stockholder's equity account.
Equity accounts maintain Credit balances with the corresponding Debit entries going to the Cash Received Account when the payment is made for the issued shares.
In the case of Rush Inc's issue of 10 shares at the Market Price of $10, the first entry in the Common Stock account is a Credit entry. Once, the corresponding debit entry will go the Cash Account.
Answer:
None of these answers is correct.
Explanation:
A static budget is also referred to as a fixed budget. A static budget remains constant throughout a period regardless of changes in inputs. A static budget is prepared at the beginning of a period. It is an informed forecast of incomes and production in the coming year.
A flexible budget adjusts to changes in volumes or activity. A flexible budget is prepared using the actual activity level and incomes at the end of a period. A comparison is then made with the actual expenses to evaluate the performance for the year.