Answer:
The rate of return on the investment is 10.79% per year
Explanation:
The rate of return on the bond can be calculated using the future value formula, which is given as :
FV=PV*(1+r)^N
FV future value is the value of investment at redemption at $25000
PV is the current price of the bond now at $4,850
r is the rate of return on the bond which is unknown
N is th number of years the bond matures which is 16 years
25000=4,850*(1+r)^16
divide both sides by 4850
(25000/4850)=(1+r)^16
divide the exponential on both sides by 16
(25000/4850)^1/16=1+r
1.107930178
=1+r
r=1.107930178
-1
r=0.10793
r=10.79%
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Answer:
Explanation:
The journal entry is presented below:
On January 2
Bond payable A/c Dr $1,500,000
To Cash A/c $1,500,000
(Being the redemption of the bonds is recorded)
The discount on bonds payable would be matured on the date of maturity so in this case the face value would be recorded and it is equaled to the carrying value
The correct answer is It takes in tax revenue and buys bonds.
Taxes are the main way that the federal budget is funded, which is why taxes have to be paid. They come from companies, people, organizations, and basically everyone.
According to the enotes, if a company does not have a current supplier for a part, they must issue a Request for quotation (RFQ) so their potential supplier can provide a detailed quote that might include more than just a per unit price, it may also include delivery date, and payment terms. This quote invites suppliers into a bidding process to bid on specific products or services. However, it is only the first step in a negotiation with a supplier.
