Answer:
Explanation:
The preparation of the statement of stockholder equity and balance sheet is presented below:
a. Statement of stockholder equity
<u>Particulars Common stock Retained earnings Total stock equity</u>
Beg balance $150000 $50,000 $200,000
Add: Addi shares $40,000 $40,000
Add: Net income $30,000 $30,000
Less: dividend -$10000 -$10000
Total $190,000 $70,000 $260,000
b. Balance sheet
Assets Amount
Cash $52,600
Supplies $13,400
Prepaid rent $24,000
Land $200,000
Total assets $290,000
Liabilities Amount
Account payable $9,100
Un-earned revenue $2,400
Salaries payable $3,500
Notes payable $15,000
Stockholder equity $260,000
Total liabilities & stockholder equity $290,000
Answer:
d. government revenues equal government expenditures.
Explanation:
A balanced budget refers to a situation in which earnings are equal or greater than the expenses. Usually this term is used when talking about government budget and this is a budget that has no deficit and that it is possible than can have a surplus which helps to avoid leaving big debt for the future that can posses problems. According to this, a balanced budget is present when government revenues equal government expenditures.
The Yield to call is 7.30%
Par value of Bond (FV) = $1,000
Annual Coupon (A) = 8%*1,000 = $80
Years until maturity = 8
Current YTM = 7.5%
We need to calculate the Current Price of Bond (PV)
PV = 80 * (P/A, 0.075, 7) + 1000 * (P/F, 0.075, 7)
PV = $1,026.48
Call Price = $1,010
Call Period = 3 years
Yield to call = ytc
1026.48 = 80* (P/A, ytc, 3) + 1010 * (P/F, ytc, 3)
Using the <em>trail and error </em>method,
Yield to call = 7.30%
In conclusion, the Yield to call is 7.30%
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Volunteers serving alcohol at a special event must
1) firstly, volunteers must be of legal age to serve alcohol at any event.
2) Volunteers must abide by all the rules and laws for alcoholic beverages in the state where an event will take place, for example, some states or cities may require the volunteer to get a one time permit to serve alcohol.
3) Volunteers must recognize signs of intoxication and professionally refuse or give any more alcohol to intoxicated persons.
4) Volunteers must observe the ages of the guest. It might be hard to ask guests for their ID, however, if in doubt request for ID before serving alcohol, and if in trouble, reach out to management, or your superior.
5) importantly, Volunteers must not serve alcohol to minors because this might land you in jail.