You are on the EMMA website considering investing in a municipal bond. The information under CUSIP tells you that the most important is the disclosure statement associated with the bond.
Municipal securities, also known as "munis," are bonds that are issued by states, cities, counties, and other governmental bodies to raise funds for the construction of roads, schools, and a variety of other public projects. For investors looking to generate a steady stream of income, particularly during their retirement years, municipal or corporate bonds are an excellent alternative. When compared to almost any other option, and particularly when compared to stocks, highly rated bonds are by their very nature extremely safe investments. Municipal bonds' only real drawback is their relatively low-interest rates when compared to other securities. This is especially true when the economy is strong and CD and Treasury bill interest rates are rising.
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Answer:
Assets: 180,000
Explanation:
Accounting Equation Formula:
Assets = Liabilities + Owner's Equity
The accounting equation shows which resources the company has for the development of its activities and how they are financed. Assets are those mentioned resources, such as cash, bank accounts, inventory, etc. Those assets can be financed by external or internal sources. Liabilities represent external sources, which means, obligations. Instead, Owner's Equity represents internal sources, which means issuing equity shares. As every resource have to be finance either external or internally, the value of the Asset should match the add of Liabilities and Owner`s Equity.
Answer:
1) For the equipment that was sold, determine its original cost, its accumulated depreciation, and the cash received from the sale.
- original cost = $9,800
- accumulated depreciation = $1,020
- cash received = $5,980
2) Sanchez Company uses the indirect method for the Operating Activities section of the cash flow statement. What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Operating Activities?
- the loss on sale of equipment ($2,800) should be added to the cash flows from operating activities.
3) What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Investing Activities?
- the cash received ($5,980) should be added to the cash flow from investing activities
Explanation:
equipment cost = beginning equipment - ending equipment = $20,000 - $10,200 = $9,800
equipment's accumulated depreciation = beginning accumulated depreciation + depreciation expense - ending depreciation = $1,950 + $860 - $1,790 = $1,020
book value = $9,800 - $1,020 = $8,780
cash received = book value - loss = $8,780 - $2,800 = $5,980
Answer:
A. $35.34
B. $8.27
Explanation:
A. Calculation for The amount of OASDI taxes to withhold from Eager's pay
OASDI taxes to withhold =(320 + 250)*6.2%
OASDI taxes to withhold = $570 × 6.2%
OASDI taxes to withhold = $35.34
The amount of OASDI taxes to withhold from Eager's pay is $35.34
B. Calculation for amount of HI taxes to withhold from Eager's pay
HI taxes to withhold=(320 + 250)*1.45%
HI taxes to withhold =$570*1.45%
HI taxes to withhold= $8.27
Therefore The amount of HI taxes to withhold from Eager's pay is $8.27