Answer:
d<u>ebt issued by firms and governments,</u>
Explanation:
- A bond describes the indebtedness that is issued to the holder, the most common types include the corporate and the municipal bonds.
- A bond is debt security under which the issuer is obliged to pay the interests or repay the principal at a later date. Very often it's negotiable being a form of loan or IOU.
- This is a type of binding are of various types like high yield bonds and fixed-rate bonds, Zero-coupon bonds, asset-backed securities.
Answer:
Supplies expense $2200 Dr
Supplies $2200 Cr
Explanation:
The adjusting entries are made at the end of the accounting period under the accrual basis of accounting. The accrual principle states that the revenue and expenses for a period should be matched and recorded in that particular period.
Supplies expense is calculated by determining the amount of supplies at start of the year and adding the purchases of supplies. At the end of the year, the closing inventory of supplies is determined and the difference between supplies available and the closing inventory is charged as supplies expense.
Supplies expense = Opening Inventory + Purchases - Closing inventory
Supplies expense = 3700 - 1500 = $2200
Monetary policy is policy set by the government to influence the amount of money and credit available in the economy
The Fed Reserve Bank controls interest rates and inflation rates to help encourage spending or borrowing and saving. Usually they will lower interest rates if they want to encourage spending and they will raise them if they want people to save more.
Answer: $34.33
Explanation:
From the question, we are informed that bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments and that the bond is quoted at 100.39.
Thee amount of each coupon payment goes thus:
We have to calculate the bond price which will be:
= $1000 × 100.39%
= $1000 × 1.39
= $1003.9
It should be noted that the current yield is calculated as the annual coupon amount divided by the bond price. This will be:
6.84% = annual coupon amount ÷ $1003.9
Annual coupon amount = $1003.9 × 6.84%
= $1003.9 × 0.0684
= $68.67
Each coupon amount will now be:
= $68.67/2
= $34.33
