Answer:
a.
DR Cash .....................................................................$9,003.31
DR Cash Over and Short.........................................$66.99
CR Sales revenue........................................................................$9,070.30
Working
Cash = 9,070.30 - 66.99 = $9,003.31
b.
DR Cash .....................................................................$9,107.67
CR Sales revenue........................................................................$9,070.30
CR Cash Over and Short.............................................................$37.37
Working
Cash = 9,070.30 + 37.37 = $9,107.67
Answer:
Yield to maturity (YTM) is 1.91% higher than yield to call (YTC).
Explanation:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
YTM = {$120 + [($1,000 - $1,275)/20]} / [($1,000 + $1,275)/2] = $106.25 / $1,137.50 = 9.34%
YTC = {coupon + [(call price - market value)/n]} / [(call price + market value)/2]
YTC = {$120 + [($1,120 - $1,275)/5]} / [($1,120 + $1,275)/2] = $89 / $1,197.50 = 7.43%
9.34% - 7.43% = 1.91%
Answer:
Amazon 65.35 Days Netflix 253.03 Days
Explanation:
One of the advantages of personal selling over other types of marketing communication is that a sales person has his or her own way of customizing their message to a specific or certain buyer. They are the one in charge of what they are going to say to their buyers. The correct letter is letter A.
<em>Answer:</em>
<em>a period cost.
</em>
<em>Explanation:</em>
<em>Rent on the administrative office space is a period cost.
</em>
<em>Period costs are non-manufacturing costs and are expensed in the period in which they are incurred.
</em>
<em>Rent on the administrative office space is a selling and administrative cost and thus a period cost.</em>
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