Answer:
5.80%
Explanation:
Effective annual yield is used to calculate a coupon bond return assuming the coupons are reinvested.
With 5.72 % coupon bond, compounded semiannually, you use the following formula to calculate the effective annual yield;
effective annual yield
r = the nominal coupon rate = 5.72%
m = compounding periods in a year = 2
Next, plug in the numbers to the formula;
effective annual yield
= 5.80%
Taxable income is the sum of income used to compute a person's
or a business's income tax due. Taxable
income comprises salaries, pays, bonuses and tips, on top of investment revenue
and unearned revenue. In this case, the corporation have $25 million that came
from US Sources then the additional $10 million is also part of the taxable
income because it is part of the normal course of the business. Therefore,
GreenCo must report $35 million.
Answer:
Cash was collected from customers during the year was $ 104,100
Explanation:
Sales revenue = $120,000
Bad debt expense = 2.5% of sales
Therefore, Bad debt expense = $120,000 x 2.5% = $3,000
Thus, allowance for uncollectible accounts should have increased by $3,000. But it increased by $2,100.
Therefore, uncollectible accounts receivable of $900 ($3,000 - $2,100) were written off during that year.
Cash collected from customers = Sales revenue - Increase in accounts receivable - Uncollectible accounts written off
= $120,000 - $15,000 - $900
= $104,100
Answer:
B. It increased, but it less than doubled
Explanation: