Answer:
1. B
2. A
Explanation:
1. the answer is lower higher.
when a note has been discounted, the person who issues it is going to get its value at maturity. in a situation where it does not bear interes, this is the face value and it is going to be reduced by discount. such that the cash received would be lower than the face value. but when it is repaid, effective rate would be higher than the value of the discount.
2. <u>a. The total future cash payments</u><u> </u><u>is</u> what be compared to the carrying amount of the debt to determine if the debtor should report a gain on restructuring. the other options do not answer this question.
Answer: In response to aggressive marketing by the “big three” multinational credit bureaus – Equifax, Experian and TransUnion – employers, landlords and insurance companies now use credit reports and scores to make decisions that have major bearing on our social and economic opportunities. These days, your credit history can make or break whether you get a job or apartment, or access to decent, affordable insurance and loans. Credit reports and scores are not race neutral. Rather, they embed existing racial inequities in our credit system and economy – to the point that a person’s credit information serves as a proxy for race. For decades, banks have systematically redlined black and Latino neighborhoods, refusing to make conventional loans or locate branches in non-white and lower-income areas, notwithstanding laws that obligate banks to meet the credit needs of all communities they serve, consistent with safe and sound banking operations. Thanks to financial services deregulation and the advent of asset-backed securitization, a multi-billion dollar “fringe” financial system has filled the void, characterized by high-cost, destabilizing products and services, from payday loans to check-cashers – which banks typically also own or finance.
Explanation:
This is a question only you and someone who is taking that course can answer. I would need more information.
Answer:
the journal entry to record warranty expense is:
Dr Warranty expense 30,000
Cr Warranty liability 30,000
the journal entry to record actual expenses related to product warranties:
Dr Warranty liability 10,000
Cr Cash (or inventory, or wages payable) 10,000
Depending on what type of costs are incurred by the company, the account credited will vary, e.g. if units are replaced, then inventory must be credited, or if units are repaired and only labor is used, then wages payable or cash should be credited. Since the question doesn't give us a lot of details, I credited cash.
Answer: The correct answer is "B. may be less than the variance of the least risky stock in the portfolio.".
Explanation: If a stock portfolio is well diversified, then the portfolio variance may be less than the variance of the least risky stock in the portfolio.
This occurs because diversifying the risk results in a lower risk in the total portfolio.
