Answer:
$756,000
Explanation:
Allowance for Bad Debts opening ($24,000)
Allowance for Bad Debts Closing $780,000
(13,000,000)*6%
Allowance Bad Debt Expense for the year $756,000
The ending balance will be $9.50
Option b
<u>Explanation:</u>
Given:
Principal amount = $100
Annual interest rate = 6%
Compounding is semi-annual
To find: The ending balance
Balance after 6 months = 100+0.06*100/2 = $103
Hence, balance remaining after withdrawal of $100 = $3
Remaining periods =
Balance after 20 years = Future Value (0.06/2,39,0, -3) = $9.50
Answer:
b. 7.28%
Explanation:
This question is asking for the yield to maturity(YTM) of the bond. You can solve this using a financial calculator with the inputs below. Additionally, adjust the coupon payment(PMT) and time to maturity(N) to semiannual basis.
Time to maturity; N = 5*2 = 10
Face value; FV = 1000
Price of bond; PV = -1071
Semiannual coupon payment; PMT = (9%/2) *1000 = 45
then compute semiannual interest rate; CPT I/Y = 3.64%
Next, convert the semiannual rate to annual rate(YTM) = 3.64% *2
YTM = 7.28%
Answer: (C) Networking
Explanation:
Networking is the process of communicating by sharing the data or information from source to its destination by using various types of computer networks such as protocols, different type of software and the wireless technology.
According to the given question, the communicating with the people and share the information regarding the hob is defined as the networking.
The main objective of the networking is that it helps in exchange the information or data and give advice about the career and jobs.
Therefore, Option (C) is correct.
Answer:
Yes, because all three were equal partners in the said business and when the decision was to be made, a greater majority (Bill and Heidi) voted in favor of getting the loan.
Dutch also is thus, liable for the said loan. He ought to have opted out of the partnership if he was dead serious and he would have gotten a fair share of dividends from the said partnership and left the duo to work together
