Answer:
Explanation: Dr Cr
1)
Allowance for doubtful account
3%*3610000 108300
Bad debt expense 108300
2)Allowance for doubtful account
2%*(1285070+3610000) 146,852.10
Bad debt expense 146,852.10
3)Allowance for doubtful account
1093830*6% 65,629.80
Bad debt expense 65,629.80
Answer:
A. $800
B. $1,000
C. a. The quantity of money demanded decreases as the interest rate rises
Explanation:
A. Computation for the opportunity cost of holding the $10,000 as money if Interest Rate is 8%
Opportunity Cost for 8% interest rate=$8%*$10,000
Opportunity Cost for 8% interest rate= $800
Therefore the opportunity cost of holding the $10,000 as money if Interest Rate is 8% will be $800
B. Computation for the opportunity cost of holding the $10,000 as money if Interest Rate is 10%
Opportunity Cost for 10% interest rate =10%*$10,000
Opportunity Cost for 10% interest rate = $1,000
Therefore the opportunity cost of holding the $10,000 as money if Interest Rate is 10% will be $1,000
C. Based on the information given the previous analysis suggest about for money: THE QUANTITY OF MONEY DEMANDED DECREASES AS THE INTEREST RATE RISES.
The level of organizational culture that is being described
in the scenario above is the basic underlying assumptions in which this level
focuses more on taking beliefs for granted in a way that they use their
thoughts and feelings in a course of action in which Bill does because of his
beliefs.
If the inflation rate is 15 percent. The real interest rate on this bond is:22%.
<h3>Real interest rate </h3>
Using this formula
Real interest rat=Expected inflation rate+ One year yield to maturity
Let plug in the formula
Real interest rate=15%+7%
Real interest rate=22%
Therefore the inflation rate is 15 percent. The real interest rate on this bond is:22%.
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