Answer: Current yield on the bond = 35.71%
Explanation:
Given that,
Annual interest rate printed on the face of a bond = 25 percent
the face value of the bond = $1,000
the current market price of the bond = $700
Therefore,
current yield on the bond = 
= 
= 35.71 %
Answer:
Explanation:
The adjusting entries are shown below:
A. Interest expense A/c Dr $370
To Interest Payable $370
(Being accrued interest adjusted)
B. Accounts receivable A/c Dr $1,830
To Service revenue A/c $1,830
(Being unbilled amount recorded)
C. Salary expense A/c Dr $900
To Salary Payable $900
(Being earned salaries are recorded)
Specialization is a method of production whereby an entity makes a specialty of the production of a limited scope of products to advantage a greater degree of performance.
The benefits of specialization consist of: a larger amount of goods and offerings that may be produced, progressed productiveness, production beyond a kingdom's manufacturing possibility curve, and sources that may be used more effectively. Specialization also can result in a comparative gain.
International locations specialize, this alternative creates gains from trade. The advantages of specialization encompass a bigger amount of products and offerings that may be produced, stepped forward productivity, production beyond a country's production opportunity curve, and ultimately, assets that can be used more correctly.
Learn more about specialization trade here:brainly.com/question/24448534
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Answer:
$270,000
Explanation:
Net capital spending = Increase in net fixed assets + Depreciation expenses
= [ Net fixed assets at year end - Net fixed assets at the beginning ] + Depreciation expenses
= [$5,200,000 - $4,600,000] + $330,000
= $600,000 - $330,000
= $270,000
Answer:
See the explanation below.
Explanation:
Fair value of expired option = 60,000 * $1 * 10% = $6,000
Journal entries will be as follows:
<u>Details Dr ($) Cr ($) </u>
Paid-in capital - stock options 6,000
Paid-in capital - expiration to stock options 6,000
<u>
</u><em><u>To record the expiration of stock option </u></em>
