Answer:
d. $970.36
Explanation:
The market price of the bond (Pv) can be calculated as follows :
Pmt = ($1,000 × 6.5%) ÷ 2 = $32.50
P/yr = 2
i = 6.99%
n = 8 × 2 = 16
Fv = $1,000
Pv = ?
Using a Financial calculator to enter the values as above, the market price of the bond (Pv) is $970.3583 or $970.36.
Answer:
The correct answer is B
Explanation:
Inferior goods are those goods or kind of goods whose demand declines or decrease when the income of the person or customer increases or rises. In other words, it means that the inferior goods demand is inversely associate to the customer or consumer income.
So, in this case, the income rises by 8% and the quantity demanded for the ice cream declines or falls by 18%, then the vanilla ice cream would considered as the inferior good.
Higgins, Inc., has sales of $521,000, costs of $297,900, depreciation expense of $42,700, interest expense of $20,800, a tax rat
Dahasolnce [82]
Answer:
$45,496
Explanation:
With regards to the above, first we need to calculate the net income.
Sales
$521,000
Less : cost of goods sold
($297,900)
Less : depreciation expense
($42,700)
EBIT
$180,400
Less : interest expense
($20,800)
Taxable income
$159,600
Less : Tax 24% × $159,600
(38,304)
Net income
$121,296
Therefore, addition to retained earning
= Net profit - Cash dividends paid out
= $121,296 - $27,800 - $48,000
= $45,496
Answer:
The Question statement that best describes an inference about a difference between two population means is statement 4 - Do community college students receive less in financial aid than students attending public universities?
Explanation:
The research question that involves an inference about a difference between two population means is expressed in the fourth question statement, which is - Do community college students receive less in financial aid than students attending public universities?
Answer:
1. a = Capital expenditure
b = Revenue expenditure
c = Revenue expenditure
d = Capital expenditure
2. Journal Entries
a. Debit Equipment $40,000
Credit Cash $40,000
To record a replacement on equipment that extends its useful life by four years.
d. Debit Building $225,000
Credit Cash $225,000
To record the payment for additional building completed.
Explanation:
a) Data and Analysis:
a. Equipment $40,000 Cash $40,000
to replace a motor on equipment that extends its useful life by four years.
b. Tune-ups Expenses $200 Cash $200
c. Repairs Expenses $175 Cash $175
d. Building $225,000 Cash $225,000