The answer to this is D. Hope this helped :)
Answer to a:
The number of years for which the deposits will be made is given by:
= Retirement age - current age
= 65 - 23
= 42 years
Answer: 5.52%
Explanation:
Given the following :
Face value (f) = $1000
Bond price(p) = 96% of face value = 0.96 × 1000 = $960
Coupon rate = 5% Semi-annually = 0.05/2 = 0.025
Payment per period (C) = 0.025 × 1000 = $25
Period(n) = 10 years = 10 × 2 = 20
Semiannual Yield to maturity = [(((f-p)/n) + C) / (f + p)/2]
Semiannual YTM = [(((1000 - 960) / 20) + 25) / (1000 + 960)/2]
Semiannual Yield to maturity = [(((40 /20) + 25) / 1960/2]
= (2 + 25) / 980
= 27 / 980 = 0.02755 = 2.755% = 2.76%
Pretax cost of debt = Yield to maturity = 2 × Semiannual yield to maturity
Pretax cost of debt = 2 × 2.76% = 5.52%
Answer:
June 3
Account Receivable $7,000 (debit)
Service Revenue $7,000 (credit)
June 8
Cash $4,500 (debit)
Discount allowed $500 (debit)
Accounts Receivables $5,000 (credit)
November 15
Bad Debt $1,500 (debit)
Accounts Receivables $1,500 (credit)
Explanation
The above transactions must be adjusted as they affect our transactions at the reporting date. Remember to grant the cash discount on early settlement of the payment made on June 8. The policy of sales on account is on the terms of 2% cash discount on payments made within 10 days.
Answers:
<span>1. </span>Incidence
<span>2. </span>Prevalence
Incidence - the number of new diagnosed cases of disease within a population during a specific time period. It is a proportion of cases in a given time and not a rate of occurrence. It conveys the risk of getting a disease.
<span>Prevalence - the total number of cases with a specific health problem during a specific time period. It indicates how widespread a disease is. </span>
