Answer:
$2,058.33
Explanation:
bond's face value = $29,000
bond's market value = $21,700
interest rate = 10%
n = 6 x 2 coupons = 12
discount on bonds payable = $29,000 - $21,700 = $7,300
discount amortized per coupon payment = $7,300 / 12 = $608.33
total interest expense = ($29,000 x 10% x 1/2) + $608.33 = $1,450 + $608.33 = $2,058.33
the journal entry to record the coupon payment in June 30,2019:
Dr Interest expense 2,058.33
Cr Cash 1,450
Cr Discount on bonds payable 608.33
W(-7,-4) indicates the reflection across y=x. (x,y) transformed to (y,x). w(-7,-4) =w(7,4).
w'(7,-4) indicates the reflection across y-axis. (x,y) is transformed to (-x,y). w(-7,-4) = w(7,-5).
Explanation:
The rules for reflecting over the X axis is to negotiate the value of the y coordinate of each point and x is same.
After reflection the coordinates of the figure can be determined. If you reflect over the x-axis, then keep the x-coordinate and take the opposite of y- coordinate. If you reflect over y-axis, then take the opposite of x- coordinate and keep y- coordinate.
Answer:
-0.67%
Explanation:
We are told that 30 shares of Stock are purchased for $30/share..
This gives a total value of: 30 × 30 = $900.
Now,they are sold for $900 with a commission of $6. This means the final money getting to the seller is; 900 - 6 = $894.
Thus; rate of return percentage = (894 - 900)/894) × 100% = -0.67%
Answer:
4.51
Explanation:
We have to calculate fva. The future value of annuity
Here is the formula
Fva = A [( + I)^n-1/I]
Where a = annuity
I = interest rate
N = number of years
Inserting into formula
1[(1+0.08)^4 - 1/0.08]
= 1[(1.36049 - 1)/0.08]
= 4.51
Therefore the future investment is $4.51
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