Answer:The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds
Explanation:
Number of bonds = Amount need to expand business / Bond price
But
Bond price = $1,000 / [1 + (0.0575 / 2)^(15 × 2)
Bond price = $1,000 / 1.02875 ^ 30
Bond price = $1,000 /2.340
Bond price = $427.350
Therefore the Number of bonds = $31, 300,000 / $427.350
Number of bonds= 73,242 bonds
The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds
Answer:
a. as corporations.
Explanation:
Local governments cannot establish banks. Therefore, option B is the wrong answer.
A bank cannot be a credit union. It is a member-owned cooperative business that shares profit. Therefore, option C is not the answer.
The only central bank is established to fulfill the reserve requirement. Hence, option D is incorrect.
Banks are established by the help of institutional investors or shareholders' equity. Therefore, most banks are established as a corporation. So, option A is the answer.
Answer:
Credit to cash for $3,000
Explanation:
Based on the information given the appropiate the journal entry to record payment of this invoice after the discount period has expired is: CREDIT TO CASH FOR $3,000 which is calculated as (1/2*$6,000).
Credit to cash for $3,000
(To record payment of invoice after the discount period has expired)
Answer:
nothing nothing nothing nothing
Explanation:
nothing
