Answer:
Current yield = 7.14%
Explanation:
As we know that: current yield = Annual coupon payment/Current market price of bond
= 75/1050
= 7.14%
this rate represents for an investor would expect to earn because face vale and market price of bonds differs so the investor much rely on that factor.
Answer:
objections
Explanation:
salespeople should
know the product's benefits
making a presentation around what the customer wants
gathering customer reviews
quizletcom250953849mgmtchapter16learnsmartflashcards
The answer is false a good financial plan requires an insurance plan
Answer:
The required adjusting entries before the financial statements can be prepared are:
Debit Note receivable $39,600
Credit Cash $39,600
<em>(To record note receivable)</em>
Debit Interest receivable $264
Credit Interest revenue $264
<em>(To record interest receivable on note - March 31)</em>
Explanation:
Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.
Interest revenue on the note is calculated as: Principal x Interest Rate x Time
In this case, the total interest revenue is $39,600 x 8%/12 x 4 months = $1,056.
Monthly interest revenue is therefore $1,056 / 4 months = $264.
