For Accounting, I need help knowing how to journalize the following transaction:

When Treasury bills are auctioned off, if buyers are willing to pay $900 for a $1,000 treasury bill, the government is being ask

andriy [413]

The government is paying 10% in interest.

What interest on Treasury bills?

The interest on Treasury bills compares the interest earned by the investor to the face value of the T-bill, in other words, it is determined as the interest(i.e. face value-purchase price) divided by the face value.

From an investor's perspective, I mean the person buy purchasing the T-bill, his rate of return is the interest divided by the amount invested, which is the purchase price.

Interest=face value-purchase price

face value=$1,000

purchase price=$900

interest=$1000-$900

interest=$100

government's interest rate=interest/face value

government's interest rate=$100/$1000

government's interest rate=10%

In other words, the government by a way of issuing the bills is paying interest of 10% to the lenders

Read more on bonds generally including government bond on:brainly.com/question/22013938

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4 0

2 years ago

Steve is staying at a hotel while on business in Chicago, but he forgot to bring his ties. Who would he most likely turn to for

babymother [125]

Answer:

Steve

Explanation:

because he can get in contact with Steve while in the hotel

5 0

2 years ago

Sara is the team leader for the remote coding project team at her hospital. She has brought together coders, IT technicians, and

harkovskaia [24]

Answer:

Forming.

Explanation:

The forming stage includes a time of direction and acclimating. Uncertainty is high during this stage, and individuals are searching for leadership and authority. A member who declares authority or is educated might be hoped to take control.

6 0

3 years ago

If national unemployment is at 15% the government should adopt ___ fiscal policy.

san4es73 [151]

Answer:

c. expansionary.

Explanation:

the goal of expansionary fiscal policy is to reduce unemployment. therefore the tools would be an increase in government spending and/or a decrease in taxes.

3 0

2 years ago

You've told Dan, a new contact, that you're looking for a qualified sales representative. Now you want to find out if there's an

kenny6666 [7]

The answer is B give him your business card

8 0

3 years ago