Answer:
Current yield=5.74%
Explanation:
Calculation for the current yield for these bonds
Current yield = (.055× $2,000)/$1,917.12
Current yield =$110/$1,917.12
Current yield=0.0574*100
Current yield=5.74%
Therefore the current yield for these bonds will be 5.74%
Answer:
Hospitality Manager is the person who manages and coordinates all the different departments in an establishment in the hospitality or restaurant sector. Their role is to define the commercial and management strategy of the establishment in line with profit targets, the quality charter and hygiene and safety norms.
Answer:
$52.91
Explanation:
With regards to the above, we will apply the dividend discount model to come up with the price for share.
Under the dividend discount model, the price for share represents the present value of all its future dividend discounted at the required rate of return.
Since the share has 12 annual equal dividend payments of 8.15 each year, while the required rate is 11%, we can apply the below annuity to arrive at the share price.
(8.15/0.11) × [ 1- 1.11^(-12) ] = $52.91
Therefore, the current share price is $52.91
Answer:
$17,000
Explanation:
The amount of the Allowance for Bad Debts account after adjustment is shown below:
= Debit balance of Allowance for Bad Debts account + uncollectible accounts
= $7,000 + $10,000
= $17,000
The journal entry is also shown for better understanding
Bad debt expense A/c Dr $17,000
To Allowance for doubtful debts $17,000
(Being bad debt expense is recorded)
Answer: E Debit wage expense $4,000
Explanation:Cook Builders has in its books $9,000 wage payable as at 31st Dec year 1. On 5th Jan year 2, it paid the wage payable of $9,000 for year 1 plus $4,000 for the current year.
This makes the $4,000 a current year expenses on wages.
the Entries to the above is stated below as:
Credit Bank with $13,000 as cash is paid from the bank
Debit wage payable with $9,000 as outstanding wages for year 1
Debit wage expense with $4,000 as current week wage payment
