Answer:
$880.31
Explanation:
Here for computing the new price of the bond we use the present value formula i.e. to be shown in the attachment
Given that,
Assuming Future value = $1,000
Rate of interest = 8.6% ÷ 2 = 4.3%
NPER = 8 years × 2 = 16
PMT = $1,000 × 6.5% ÷ 2 = $32.50
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the new price of the bond is $880.31
Answer:
The answer to question 12 is C
Explanation:
The reason it is C is because in a report they do not want to hear the sad stories. They would just think that you are just going to try and get in and they would feel sorry for you, but no that will never work they would just decline you. This might have been the standard in the past, but all of this information is now illegal for your employer to ask from you, so there's no need to include it.
Answer:
a. debit to bad Debt expense for $3,300
Explanation:
The Journal entry is shown below:-
Bad debt expenses Dr, $3,300
To Allowance for doubtful accounts $3,300
(Being bad debts expenses is recorded)
Therefore to record the bad debt for the period we simply debited the bad debt expenses as it increase the expenses and on the other hand we credited the allowance for doubtful accounts as decrease the assets.
So, the right answer is a. debit to bad Debt expense for $3,300 option.
Working Note:-
Bad debt expenses = Estimated uncollectible - Credit balance
= $4,500 - $1,200
= $3,300
<span>The program rating is 26.
HUT x Share = Rating (HH)
</span>65 x .40 = 26
Answer:
A. $24,000
Explanation:
The missing information is shown below:
Allen capital $60,000
Burns capital $30,000
Costello capital $90,000
For computing the balance of Burns’s capital account, first we have to determine the different amount which is shown below:
= Paid amount - Costello capital
= $100,000 - $90,000
= $10,000
This bonus amount would be deducted from the remaining partner's balances in the ratio of 3:2
For Burns, it would be
= $10,000 × 3 ÷ 5
= $6,000
So, the burns capital amount would be
= $30,000 - $6,000
= $24,000
