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3 years ago

About the financial sector of Japan?

Business

1 answer:

Alex787 [66]3 years ago

6 0

Answer:

At least four core functions can be identified.[1] The financial sector should provide the following services:

Value exchange: a way of making payments.

Intermediation: a way of transferring resources between savers and borrowers.

Risk transfer: a means for pricing and allocating certain risks.

Liquidity: a means of converting assets into cash without undue loss of value.

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On January 1, 2017, Bonita Company makes the two following acquisitions. 1. Purchases land having a fair value of $310,000 by is

Damm [24]

Answer:

Explanation:

1. JOURNAL ENTRIES

Dr Land 310,000

Cr Discount on Notes Payable 160,602

Cr Notes Payable 470,602

Dr Equipment 332,635

Cr Discount on Notes Payable 127,365

Notes Payable 460,000

Calculation of equipment cost:

{($460,000*0.3909) + ($460,000*6%*5.5370)} = $179,814 + $152821 = $332,635

Dr Interest Expense (310,000*11%) 34,100

Cr Discount on Notes payable 34,100

Dr Interest Expense (332,635*11%) 36,590

Cr Notes payable 8,990

Cr Cash (460,000*6%) 27,600

8 0

3 years ago

Gershwin Corporation obtained a franchise from Sonic Hedgehog Inc. for a cash payment of $180,000 on April 1, 2014. The franchis

ikadub [295]

Answer:

Explanation:

The journal entry is shown below:

On April 1

Franchise A/c Dr $180,000

To Cash A/c $18,0000

(Being the purchase of a franchise is recorded)

On December 31

Franchise Amortization Fee A/c Dr $13,500

To Franchise A/c $13,500

(Being the franchise amortization fee is recorded)

The computation is shown below:

= $180,000 ÷ 10 years × 9 months ÷ 12 months

= $13,500

8 0

4 years ago

Charley likes to have everything organized and she is bothered by the long list of documents on her flash drive. She wants to cr

Ilia_Sergeevich [38]

Answer:

File manager

Explanation:

Charley wants to organise documents according to the semesters, so the best course of action is to use file manager. File manager helps to divide documents and you can name them semester 1, semester 2 accordingly. It helps to organise everything in precise order. You can even give subject names to better handle the documents.

5 0

3 years ago

Morality plays no part of gambling contract legality.<br> a. true<br> b. false

Aleonysh [2.5K]

<span>b. false is my answer</span>

7 0

3 years ago

Red Mountain, Inc. bonds have a face value of $1,000. The bonds carry a 7 percent coupon, pay interest semiannual, and mature in

olganol [36]

Answer:

R = 7% x $1,000 = $70

Po= R/2(1-(1+Kd/m)-nm/Kd/m + FV/(1+Kd/m)nm

Po = 70/2(1-(1+0.0682/2)-13.5x2/0.0682/2 + 1,000/(1+0.0682/2)13.5x2

Po = 35(1-(1+0.0341)-27/0.0341 + 1000/(1+0.0341)27

Po = 35(17.4663) + 1,000/2.4728

Po = $611.3205 + $404.40

Po = $1,015.72

The correct answer is C

Explanation:

The current price of a bond is equal to present value of coupon plus the present value of face value of the bond. The bond pays semi-annual interest, thus, we will divide the coupon by 2 and then determine the present value. The bond yield will also be divided by 2.

Po = Current price of the bond, R = Coupon, Kd = Bond yield, FV = Face value, n = Bond maturity and m = No of times coupon is paid in a year

4 0

3 years ago