IBM developed the first commercially successful computer
Answer:
Ending balance of assets is $ 857,100
Explanation:
Computation of total assets of Kirk Corporation
Opening Assets $ 851,000
Purchase of equipment $ 6,100
Purchase of supplies for cash $ 0
Sale of land at cost $ 0
Agreement for storage space <u>$ 0</u>
Ending balance Assets $ 857,100
Purchase of equipment on credit increases assets
Purchase of supplies for cash is neutral. Supplies ( considered as included in inventory) is paid in cash asset increases and decreases
Sale of land at cost is also neutral for asset purposes
Agreement to rent storage space is not an executed transaction
Answer:
A. Gretchen is incorrect because there is a binding bilateral contract.
Explanation:
Mainly there are two types of contract i.e unilateral contract and the bilateral contract.
The unilateral contract is the contract when the offer is made to the anyone
while the bilateral contract is the agreement in which the both parties are agreed and bind to perform his/ her obligations.
In the given case, it reflects the bilateral contract as the Haley returns the dog and he requested for the money from the Gretchen
Answer:
8.91%
Explanation:
In this question We applied the Rate formula which is presented in the attachment below:
Data given in the question
PMT = 1,000 × 9.5% ÷ 2 = $47.50
NPER = 18 years - 2 years × 2 = 32 years
Present value = $1000 × 105% = $1,050
Assuming figure - Future value = $1,000
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the yield to maturity is 8.91%
