Answer:
The adjustment at month-end is :
Supplies Expense $400 (debit)
Supplies $400 (credit)
Explanation:
The Supplies Account is an asset Account that decreases as the supplies are used in the business.
The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :
<em>Supplies Expense $400 (debit)</em>
<em>Supplies $400 (credit)</em>
Answer:
5%
Explanation:
nominal interest rate = 5%
real interest rate = nominal interest rate - increase in GDP deflator (inflation rate) = 5% - 2% = 3%
The nominal interest rate is the interest rate earned or charged without considering the effects of inflation. The real interest rate adjusts the nominal interest rate against the year's inflation rate.
Answer:
<u>d. Increases allocation to any stock that changes its corporate name</u>
<u>Explanation</u>:
This manager that does this practice is least likely to replicate performance because that is an unprofessional practice.
In most cases when there is a change in the name of a stock it indicates a red signal that the stock price is bad and thus the company may decide to change it's name, thus the future performance of the company diminishes.
Answer:
9.14%
Explanation:
Calculation for YTM
First step is to use financial calculator to find the I which represent Interest rate
FV = 1,000
PMT= 1,000*8.4%/2= 42
N= 9years*2= 18
PV= -955
Hence,
I= 4.57%
Now let calculate YTM
YTM = 4.57%*2
YTM =9.14%
Therefore YTM will be 9.14%
Answer:
The correct answer is option C. To summarize the main point of the paragraph
Explanation:
A topic sentence is the most important part of a paragraph. The main purpose of a topic sentence is to provide a concise statement that reflects the purpose of the paragraph or the information that is going to be provided in the paragraph effectively.
It is usually the first sentence of a paragraph and becomes the opening statement of a paragraph in formal writings.
I hope the answer is helpful.
