Answer:
$960,000
Explanation:
The computation of the net realizable value (book value) of the receivable is shown below:
= Balance of accounts receivable - the balance of allowance for uncollectible account
= $1,000,000 - $40,000
= $960,000
Simply we deduct the balance of allowance for an uncollectible account from the Balance of accounts receivable so that the correct amount can come.
All other information which is given is not relevant. Hence, ignored it
Answer:
B) investor's current required rate of return is below the coupon rate of the bond.
Explanation:
A bond that is sold at a price above its face value is said to be sold at a premium. A bond sells at a premium when its coupon rate is above the market's required rate of return.
When a bond is sold at a premium, it yields an interest rate which is lower than its coupon rate. For example, a bond's face value is $100 and its coupon rate is 8%. If the bond sells at a premium for $110, it will still pay the same coupon, but it will yield a 7.3% interest rate.
Answer:
the relationship depends on the individual investment
Answer:
$17,549
Explanation:
Data given in the question
Number of years = 10
Invested amount = $1,000 per year
Rate of interest = 12%
So by considering the above information, the accumulated amount is
= Invested amount × future value of an annuity for 12% at 10 years
= $1,000 × 17.549
= $17,549
Refer to the Future value of an annuity table
In order to find out the accumulated amount we simply multiplied the invested amount with the factor
Answer: The lender
Explanation: Foreclosure proceeding involves the steps a lender takes in the process of seizing or selling a property in a bid to recover the payment or amount owed by a loan defaulter. The foreclosure proceeding involves different processes and will only begin when the mortgage is delinquent. Delinquency due to failure to make an agreed payment on a mortgage. This period is usually determined by the lender and the foreclosure proceeding will begin if the payment is not made before the period.
