Answer:
Increase.
Explanation:
We know,
Coupon rate > yield to maturity = Premium or > Market price
Here,
Coupon rate = 5%
Interest rate or YTM = 4%
From the formula,
We can say that as the coupon rate is greater than YTM, the market price of a $1000 issued bond will be increased. We can say that the bond is selling at a premium price because the interest rate is decreasing.
Answer:
a. Interest Expense 6,000 Interest Payable 6,000
Explanation:
Adjusting entries are accounting journal entries that convert a company's accounting records to show when the money changed hands and to convert your real-time entries to entries that reflect your accrual accounting system.
In Allenson Brick Company, the accrued expenses entry is made to record interest expense in the year that has not been paid yet by the entry:
Interest Expense 6,000
Interest Payable 6,000
Answer:
Their buying behaviors differ because of their ability to buy, called their <u>"buying power",</u> which is largely determined by income.
Explanation:
Buying power as it name is explaining that it refers to the ability of an individual to purchase goods and services. But buying power can take on an alternate importance relying upon the unique situation or industry, in finance, purchasing power alludes to the measure of cash accessible for investors to buy securities in an utilized record.
Answer:
$950 in order to maximize the revenue.
Explanation:
The computation of monthly rent in order to maximize revenue is shown below:-
R (x) = Rent price per unit × Number of units rented
= ($900 + $10 x) × (100 - x)
= $90,000 - 900 x + 1000 x - 10 x^2
R (x) = -10 x^2 + 100 x + $90,000
Here to maximize R (x), we will find derivative and equal it to zero
R1 (x) = -20 x + 100 = 0
20 x = 100
x = 5
Therefore the monthly rent is p(5) = $900 + 10(5)
= $900 + 50
= $950 in order to maximize the revenue.
Answer: a plantwide overhead rate based on direct labor hour is sometimes appropriate.
Explanation:
have a great day!