Answer:
The question is not complete,find below complete questions:
If you purchased a $50 face value bond in early 2017 at the then current interest rate of .10 percent per year, how much would the bond be worth in 2027? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. In 2027, instead of cashing the bond in for its then current value, you decide to hold the bond until it doubles in face value in 2037. What annual rate of return will you earn over the last 10 years?
The bond is worth $50.50 in the year 2027
The annual rate of return is 7.07%
Explanation:
The future value of the bond is given by the below formula:
FV=PV*(1+r)^N
where PV is the present of the bond of $50
r is the rate of return of 0.10 percent=0.001
N is the duration of the bond investment of 10 years
FV=50*(1+0.001
)^10
FV=$50.50
However for the face of the bond to double i.e to $100, the rate of return can be computed thus:
r=(FV/PV)^(1/N)-1
where FV=$100 (double of $50)
FV=$50.50(current value in 2027)
N=10
r=($100/$50.50)^(1/10)-1
r=0.070707543
r=7.07%
Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $10,400
To Sales $10,000
To Sales taxes payable $400
(Being the cash is recorded)
Here we debited the cash as it increased the assets and we credited the sales and sales tax payable as it increased the sales and the liabilities
2. Cost of goods sold Dr, $5,000
To Merchandise inventory $5,000
(Being cost of goods sold is recorded)
Here we debited the cost of goods sold as it increased the expenses and we credited the merchandise inventory as it reduced the assets
3. Unearned services revenue Dr, $50,000
To Earned services revenue $50,000
(Being unearned service revenue is recorded)
Here we debited the unearned service revenue as it decreased the liabilities and we credited the earned service revenue as it increased the revenue
Answer: $0
Explanation:
In the United States tax law, there exists 2 principal types of IRAs. They include: the traditional IRA and the Roth IRA.
Annual contributions are deductible when made to a traditional IRA, and in which case tax is paid on the retirement distributions.
But annual contributions made to a Roth IRA aren't deductible, and in which case taxes are not paid on retirement distributions.
Martha’s maximum deductible IRA contribution is $0 because taxes are not paid in the current year on earnings in both types of IRAs.
Answer:
$560
Explanation:
As we know that the total cost would be a sum of fixed cost and the variable cost
In mathematically,
Total cost = Fixed cost + variable cost
But in the question, the variable cost is not given, so first, we have to find that based on high low method.
So, the variable cost equals to
= Change in total cost ÷ change in machine hours
= ($4,460 - $2,900) ÷ (6,000 - 3,600)
= $1,560 ÷ 2,400
= 0.65
Now the fixed cost equal to
= Total cost - variable cost
= $4,460 - (6,000 × 0.65)
= $4,460 - $3,900
= $560
