Answer:
real HPR is 5.17 %
Explanation:
given data
nominal HPR = 83%
inflation rate = 74%
to find out
What was the real HPR on the bond over the year
solution
we find real interest rate r that is express as
r = 
.........................1
here R is nominal rate and i is inflation rate
so put here value
r = 
r = 
r = 0.05172
so real HPR is 5.17 %
Answer:
Adjusted cash balance is $ 60,224.
Explanation:
Detailed steps of solution are below
Answer:
Effective interest recognized on June 30, 20X1, will be equal to $3,354
Explanation:
Data provided from the question,
Amount of bond issued on January 2, 20X1 = $100,000 of 6% bonds
Interest = $3000
Payable semi-annually on June 30 and December 31
Number of years to mature = 5 years
The bond issued for $95,842 with an effective interest rate of 7%
Therefore, the Effective interest recognized on June 30, 20X1 =
bond issued × effective interest rate × semiannually(1/2)
= $95,842 x 0.07 x 0.5
= $3,354
Answer:
A joint venture (JV) is not a partnership. That term is reserved for a single business entity that is formed by two or more people. Joint ventures join two or more different entities into a new one, which may or may not be a partnership.
Hope it helps
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