A 10-year, 10.00%, $5,000 bond that pays dividends quarterly can be purchased for $4,610.
This means that $4,610 is spent on the bond now. Every quarter, $125.00 is provided to the purchaser as the dividend. After 10 years, $5,000 is given to the purchaser.
If the bond is purchased and pays as scheduled, which of the following ranges of effective rate of return will the purchaser receive?
a. 11.00% - 12.00%
b. 10.00% - 10.50%
c. 12.01% - 14.01%
d. 10.50% - 10.75%

Answers

Answer 1

Answer: a. 11.00% - 12.00%

Explanation:

We can find the rate using Excel.

Payments are quarterly so we need to adjust the variables to quarterly figures:

Period = 10 years * 4 = 40 quarters

Present value = $4,610 (should be a negative number)

Future value = $5,000 at maturity

The effective rate will be 2.9% as shown in the attachment.

This is a quarterly figure so convert it to annual:

= 2.9 * 4

= 11.6%

It is between 11% and 12%

A 10-year, 10.00%, $5,000 Bond That Pays Dividends Quarterly Can Be Purchased For $4,610. This Means

Related Questions

On May 8, Dome filed a financing statement that adequately identified the collateral. On June 9, Tint sold one computer to Bean for personal use and four computers to Green Co. for its business. Which of the following is correct?
A. The computer sold to Bean will riot be subject to Dome's security interest
B The computers sold to Green will be subject to Dome's security interest
C. The security interest cloes rnot include the prioceeds from the sale of the.computers to Green
D. The security interest muy not cover after-acquired property evenif the parties agree 2 pts

Answers

Answer: A. The computer sold to Bean will not be subject to Dome's security interest

Explanation:

The computers sold to Bean have passed ownership from Tint to Bean and so cannot be subject to whatever agreements Tint had with Dome Bank because those agreements were contingent on Tint owning the computers.

For instance, if you buy a car from a dealership which had acquired those cars by using loans from a bank, you are not liable to pay the interest on the loan that the dealership took to buy the car.

Petty Cash Fund Entries
Journalize the entries to record the following:
Check No. 12-375 is issued to establish a petty cash fund of $500.
The amount of cash in the petty cash fund is now $40. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $212; miscellaneous selling expense, $156; miscellaneous administrative expense, $61. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.)
Petty Cash Fund Entries
Journalize the entries to record the following:
Check No. 12-375 is issued to establish a petty cash fund of $500.
The amount of cash in the petty cash fund is now $40. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $212; miscellaneous selling expense, $156; miscellaneous administrative expense, $61. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.)
a. Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank.
b. Journalize the entry to replenish the petty cash fund. If an amount box does not require an entry, leave it blank.

Answers

Answer:

A. Dr Petty cash fund $500

Cr Cash $500

B. Dr Office supplies expenses $212

Dr miscellaneous selling expense $156

Dr miscellaneous administrative expense $61

Dr Cash short and over 31

Cr Petty cash fund $460

Dr Petty cash fund $460

Cr Cash $460

Explanation:

A. Preparation of the journal entry to establish the petty cash fund.

Dr Petty cash fund $500

Cr Cash $500

(To establish the petty cash fund)

B. Preparation of the journal entry to replenish the petty cash fund.

Dr Office supplies expenses $212

Dr miscellaneous selling expense $156

Dr miscellaneous administrative expense $61

Dr Cash short and over 31

($500-$212+$156+61+$40)

Cr Petty cash fund $460

($212+$156+$61+$31)

(To replenish the petty cash fund)

Dr Petty cash fund $460

($212+$156+$61+$31)

Cr Cash $460

Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.)

Year
2021 2020
Cash $322,960 $880,000
Accounts receivable 702,240 280,000
Inventory 897,780 780,000
Long-term assets 3,536,680 2,380,000
Total assets $5,459,660 $4,320,000

Answers

Answer:

Find attached

Explanation:

Horizontal or trend analysis involves is a financial statement analysis technique that shows the percentage change or dollar change in a corresponding financial statement's item.

For example, the change in the fixed assets by a way of increase or decrease compared to last year's financial statements.

Formula:

change in a particular line item=(current year amount/previous year)-1

Grocery Corporation received $301,232 for 14.00 percent bonds issued on January 1, 2018, at a market interest rate of 11.00 percent. The bonds had a total face value of $256,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-interest method to amortize the bond premium.

Required:
Prepare the required journal entries to record the bond issuance and the first interest payment on December 31.

Answers

Answer:

zkzkkzzzkzkzkzkkzzkzkkzkzkzkzzkz

Phishing:_______
a) A con executed using technology, typically targeted at acquiring sensitive information, or tricking someone into installing malicious software.
b) A term that, depending upon the context, may be applied to either, 1) someone who breaks into a computer system, or 2) a particularly clever solution.
c) When someone uncovers computer weaknesses, without exploiting them.
d) When a protester seeks to make a political point by leveraging technology tools, often via system integration, defacement, or damage.

Answers

Answer:

a)

Explanation:

Phishing is a type of deception in which an intruder disguises himself in email or other means of communication as a reputable individual or person. Attackers would normally use phishing e-mails to spread a range of malicious links or attachments. Some people will gather login credentials or victims' account details.

So as per above definition only option A seems the correct alternative among al the other option when discussing about Phishing.

A con executed using technology, typically targeted at acquiring sensitive information, or tricking someone into installing malicious software.

Marco started the shop by investing $40,400 cash and equipment valued at $18,400 in exchange for common stock.
Purchased $110 of office supplies on credit.
Paid $1,600 cash for the receptionist's salary.
Sold a custom frame service and collected $4,900 cash on the sale.
Completed framing services and billed the client $240.
What was the balance of the cash account after these transactions were posted?
a. $11,790
b. $12,030
c. $43,700
d. $43,830
e. $43.940.

Answers

Answer:

$43,700

Explanation:

The simplest way to determine the balance of the cash account is to prepare the cash account and see the side with a shortfall well as the amount. A cash account accounts for only cash related transactions.

Marco`s Cash Account

Debit  :  

Capital                                       $40,400

Cash Sales                                  $4,900

Total                                          $45,300

Credit :

Receptionist's salary                   $1,600

Balance c/d (missing amount) $43,700

Total                                          $45,300

thus,

the balance of the cash account after these transactions is $43,700.

You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR125,000. Suppose, the initial and maintenance margin for each EUR futures contract are $1,500 and $1,000, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin calls if you get any

Date 3/01 3/02 3/03 3/04
EUR Spot Price $1.3579 $1.3527 $1.3588 $1.3580
July EUR Futures Contract Price $1.3750 $1.3782 $1.3827 $1.3713

The profit / loss posted to your account at the close of 3/02 is ______

Answers

Answer:

What

Explanation:

In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem, you will explore how saving and investment are connected to the international flow of capital and goods in an economy. Before delving into the relationship between these various components of an economy, you will be asked to recall some relationships between aggregate variables that will be useful in your analysis.

Recall the components that makeup GDP. National income (Y) equals total expenditure on the economy's output of goods and services. Thus, where C= consumption, I= investment, G =government purchases, X=exports, M =imports, and NX= net exports.
Y= _____

Also, national saving is the income of the nation that is left after paying for _____. Therefore, national saving (S) equals:
S=_____

Rearranging the previous equation and solving for Y yields, Y= _____ Plugging this into the original equation showing the various components of GDP results in the following relationship:
S=_____

Answers

Answer:

Y = C + I + G + NX

S = Y - C

S = I + G + NX

Explanation:

National Income Y = C + I + G + NX ; {where consumption, investment, government purchases, net exports ie exports - imports are corresponding expenditure of households, firms, government, rest of the world}

National Saving (S) is income (Y) left after paying for consumption (C) . So, S = Y - C

Using above equations, Y = C + S , Y = C + I + G + NX

C + S = C + I + G + NX

So, S = I + G + NX

How have you practiced initiative and results driven skills in your own life

Answers

Answer:

when i see others struggling i reach out and offer help. When i see areas where your life is not going as well as you would like to and i decide to do something about it.

Explanation:

Microsoft sells two types of office software, a word processor it calls Word, and a spreadsheet it calls excel. Both can be produced at zero marginal cost. There are two types of consumers for these products, who exist in roughly equal proportions in the population: authors, who are willing to pay $120 for Word and $40 for excel, and economists who are willing to pay $50 for word and $150 for excel.
a. Ideally, Microsoft would like to charge authors more for Word and economists more for excel. Why would it be more difficult for microsoft to do this?
b. Suppose that Microsoft execs decide to sell word and Excel Seperately, what price should Microsoft set for word? (Hint: is it better to sell only to authors, or try to sell to both authors and economists?) What price should Microsoft set for excel? What will microsoft's profit be from a representative group of one author and one economist?
c. Suppose the Microsoft decides to bundle together Word and Excel in a package called Office, and not offer them individually. What price should Microsoft set for the package? Why? How much profit will Microsoft generate from a representative group of one author and one economist?
d. Does bundling allow Microsoft to generate higher profit than selling Word and Excel seperately?

Answers

Answer:

a

Explanation:

Ahsan Company makes 60,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials $12.60 Direct labor 17.20 Variable manufacturing overhead 4.10 Fixed manufacturing overhead 15.00 Unit product cost $48.90 An outside supplier has offered to sell the company all of these parts it needs for $69.70 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $319,600 per year. If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $4.30 of the fixed manufacturing overhead cost being applied to the part would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products. How much of the unit product cost of $48.90 is relevant in the decision of whether to make or buy the part? Multiple Choice $44.60 $17.20 $69.70

Answers

Answer:

Ahsan Company

Only $44.60 of the unit product cost of $48.90 is relevant in the decision of whether to make or buy the part.

Explanation:

a) Data and Calculations:

Annual units of parts produced = 60,000

Unit product costs:

Direct materials                              $12.60

Direct labor                                       17.20

Variable manufacturing overhead    4.10

Fixed manufacturing overhead      15.00

Unit product cost                         $48.90

Outside supplier's offer price per unit = $69.70

Relevant /avoidable costs:

Direct materials                                   $12.60

Direct labor                                            17.20

Variable manufacturing overhead         4.10

Fixed manufacturing overhead           10.70

Unit product cost                              $44.60

Opportunity cost ($319,600/60,000)   5.33

Total avoidable/relevant costs/unit $49.93

market:blue Jean market . event :the dye in blue jeans is proven not fade easily .Name the market​

Answers

DontBuyFromUs

has a standard of 2 direct labor hours per unit. The standard wage rate of each worker is $32.50 per hour. In July, the company produced 4,770 units and paid workers $190,000 for a total of 8,940 direct labor hours. Compute the direct labor efficiency variance.

Answers

Answer:

$130 Favourable

Explanation:

Given the above information,

Standard hours = 2 × 4770 = 9,540

Actual hours = 8,940

Standard rate = $32.50

Then, Direct labor efficiency variance is computed as

= ( Standard hours allowed for production - Actual hours taken) × Standard rate per direct labor hour

= [(2 × 4,770) - 8,940] × $32.50

= [9,540 - 8,940] × $32.50

= 600 × $32.50

= $130 Favourable

Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example M1 M2 Eileen has $7,000 in a two-year certificate of deposit (CD). Clancy has $25,000 in a money market account. Alex has $1,200 in a checking account.

Answers

Answer and Explanation:

The classification is as follows;

The first two examples comes in only M2 i.e. Eileen example and Clancy example as M1 denotes M1 + liquid assets

while on the other hand, the third example comes in M1 and M2 i..e Alex example as M1 denotes thenotes, coins & checking deposits and M2 described above  

Hence, in this way it should be belong

How do I solve this? It’s a real estate question.

Answers

A.2.2 points(the answer)(you’re welcome)

Blues Inc. manufactures jeans in the cutting and sewing process. Jeans are manufactured in 40-jean batch sizes. The cutting time is 5 minutes per jean. The sewing time is 20 minutes per jean. It takes 2 minutes to move a batch of jeans from cutting to sewing.
a. Compute the value-added, non-value-added, and total lead time of this process. Value-added lead time minutes Non-value-added lead time minutes Total lead time minutes
b. Compute the value-added ratio. Round to one decimal place. %

Answers

Answer:

1. Value added time = Cutting + Sewing time

Value added time = 5 min + 20 min

Value added time = 25 minutes

Non-value added time = Total within batch wait time + Move time

Non-value added time = (25 minutes*(40-1)) + 2 minutes

Non-value added time = 977 minutes

Total lead time = Value added time + Non-value added time

Total lead time = 25 minutes + 977 minutes

Total lead time = 1,002 minutes

2. Value added ratio = Value added time / Total lead time

Value added ratio = 25 minutes / 1,002 minutes

Value added ratio = 0.02495

Value added ratio = 2.5%

A retail store has two options for discounting items to go on clearance.
1: Decrease the price of the item by 15% each week.
2: Decrease the price of the item by $5 each week. If the cost of an item is $45, write a function rule for the difference in price between the two options.

Answers

Answer:

Difference = 1.75 , Function = mod [ 0.15x - 5 ]

Explanation:

Discount case 1 = $5 {Each week} , Discount case 2 = 15% {Each week}

After 1st week , for item cost = 45

Discount in case 1 = $5 , & price = 45 - 5 = 40  Discount in case 2 = 15% of 45 = 6.75 , & price = 38.25

Difference in price = 40 - 38.25 = 1.75  .It is same is difference in discount = 6.75 - 5 , ie = 1.75

Functional rule in price difference , for item with unknown price 'x' =          mod [ (x - 5) - (x - 0.15x) ] = mod [ x - 5 - x + 0.15x ] =  mod [ 0.15x - 5 ] , which is same as difference between discount '0.15x & 5'

Your company, ImSecure Inc., is a security investigation firm. You have been contacted by Darling Company, a producer of cardstock for greeting card companies like Hallmike and Birthday Wishes Company. Darling currently requires orders to be placed several weeks in advance of the delivery date. Orders come in through traditional channels (account reps, paper forms, etc.). Hallmike, Darling’s largest client, now requires Darling to use e-commerce for order transmission and payment. Because of this new change, Darling is considering moving all of its clients to EDI for orders and payments.

Required:
Detail the new opportunities e-commerce solutions like EDI present for internal and external perpetrators trying to defraud Darling Company.

Answers

The links are scams from robots

Which organization compiles data on individuals and businesses to report on their credit?
TransUnion
The Bureau of Consumer Protection
The National Credit Union Administration
Vantage Scores

Answers

Answer:

Option A

Explanation:

There are primarily three credit bureaus to which the Lenders go namely -

a) TransUnion

b) Equifax

c) Experian

These three agencies are interested in reviewing credit reports before lending any financial aid.

Hence, option A is correct

Answer:

TransUnion

Explanation:

Please help with the following question.

Answers

Answer:i dont really know

Explanation:

Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,500,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,800,000, $3,600,000, and $3,600,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be: Building Land Equipment a. $ 4,800,000 $ 3,600,000 $ 3,600,000 b. $ 4,800,000 $ 3,600,000 $ 600,000 c. $ 3,400,000 $ 2,550,000 $ 2,550,000 d. None of these answer choices are correct.

Answers

Answer:

C.$3,400,000; $2,550,000; $2,550,000

Explanation:

Calculation to determine what The initial values of the building, land, and equipment would be

First step is to calculate the formula Total fair value using this formula

Total fair value = Building + Land + Equipment

Let plug in the formula

Total fair value = $4,800,000 + $3,600,000 + $3,600,000

Total fair value = $12,000,000

Now let calculate the initial values of the building, land, and equipment

Using this formula for BUILDING

Building= Total cost of acquisition × (Fair value of building ÷ Total fair value)

Let plug in the formula

Building= $8,500,000 × ($4,800,000 ÷ $12,000,000)

Building= $8,500,000 × 0.4

Building= $3,400,000

Using this formula for LAND

Land = Total cost of acquisition × (Fair value of land ÷ Total fair value)

Let plug in the formula

Land= $8,500,000 × ($3,600,000 ÷ $12,000,000)

Land= $8,500,000 × 0.3

Land= $2,550,000

Using this formula for EQUIPMENT

Equipment= Total cost of acquisition × (Fair value of Equipment ÷ Total fair value)

Let plug in the formula

Equipment= $8,500,000 × ($3,600,000 ÷ $12,000,000)

Equipment= $8,500,000 × 0.3

Equipment= $2,550,000

Therefore The initial values of the building, land, and equipment would be:$3,400,000; $2,550,000; $2,550,000

A productive process approachviews operations as a separate organizational function.must provide feedback information for control of process inputs and technology.is of limited use in service organizations.disregards human and social concerns.

Answers

Answer:

The correct answer is the second option: Must provide feedback information for control of process inputs and technology.

Explanation:

To begin with, the term known as " Productive process approach" in the field of business management is refered to the method used by the companies who seeks for the constant improvement of its daily operations inside the organization. Therefore that it is necessary to say that this approach must provide feedback information of the internal processes that happen in the business regarding the inpunts and the technology used by the place so that a regular control will take place and with that every little adjustment as well in order to get better at every possible way to produce the company's product.

Quelle è il articolo che parla dalla ugualianza

Answers

Il principio è contenuto nell'articolo 3 della Costituzione, uno dei più importanti e noti, che che dice: Tutti i cittadini hanno pari dignità sociale e sono eguali davanti alla legge, senza distinzione di sesso, di razza, di lingua, di religione , di opinioni politiche, di condizioni personali e sociali.

Penny Arcades, Inc., is trying to decide between the following two alternatives to finance its new $28 million gaming center: a. Issue $28 million of 6% bonds at face amount. b. Issue 1 million shares of common stock for $28 per share. 2. Which alternative results in the highest earnings per share

Answers

Answer:

Penny Arcades, |nc.

a. Issue $28 million of 6% bonds at face amount.

Explanation:

Alternative A will surely result in higher earnings per share than Alternative B.  It has been established that some financial leverage enables the stockholders to earn more per share.  This is not a debatable issue.  The hard work lies with the corporation's ability to find the debtholders that can finance its activities and assets.  This means that the stockholders of Penny Arcades, Inc. will be at a much more financial advantage if they can find creditors to lend it the $28 million for the gaming center than making the finance available themselves.

Celestial Artistry Company is developing departmental overhead rates based on direct-labor hours for its two production Department. Etching and Finishing. The Etching, Department employs 20 people and the Finishing Department employs 80 people. Each person in these two departments works 2,000hours per year. The production-related overhead costs for the Etching Department are budgeted at $200.000, and the Finishing Department costs are budgeted at $320.000. Two service departments. Maintenance and Computing directly support the two production departments. These service department, have budgeted costs of $48,000 and $250,000 respectively. The production department’s overhead rates cannot be determined until the service department’s costs are allocated. The following schedule reflects the use of the Maintenance Departments and Computing Department’s output by the various departments.
Using Department
Service Department Maintenance Computing Etching Finishing
Maintenance(maintenance hours) 0 1,000 1,000 8,000
Computing (minutes) 240,000 0 840,000 120,000
Required:
1. Use the direct method to allocate service department costs. Calculate the overhead rates per direct labor hour for the Etching Department and the Finishing Department.
2. Use the step–down method to allocate service department costs. Allocate the Computing Department’s costs first. Calculate the overhead rates per direct-labor hour for the Etching Department and the Finishing Department.

Answers

Answer:

Celestial Artistry Company

1. Allocation of Service departments costs (direct method):

                                Service Dept             Production Dept.

                       Maintenance Computing  Etching     Finishing   Total

Overheads          $48,000   $250,000 $200,000 $320,000 $818,000

Maintenance       (48,000)                            5,333      42,667     0

Computing                            (250,000)    218,750      31,250     0

Total costs            $0            $0             $424,083 $393,917  $818,000

Direct labor hours                                      40,000   160,000

Overhead rate per direct labor hour       $10.602    $2.462

2. Allocation of Service departments costs (step-down method):

                                Service Dept             Production Dept.

                       Maintenance Computing  Etching     Finishing   Total

Overheads          $48,000   $250,000 $200,000 $320,000 $818,000

Computing            50,000    (250,000)    175,000     25,000     0

Maintenance       (98,000)           0             10,889         87,111     0

Total costs            $0            $0            $385,889     $432,111  $818,000

Direct labor hours                                     40,000     160,000

Overhead rate per direct labor hour       $9.647       $2.701

Explanation:

a) Data and Calculations:

                                                        Etching      Finishing          Total

Employees                                            20                 80              100

Direct labor hours per year            2,000           2,000

 (per employee)

Total direct labor hours/year       40,000       160,000         200,000

Production-related overhead $200,000    $320,000       $520,000

                                       Service Dept             Production Dept.

                               Maintenance Computing  Etching   Finishing   Total

Overheads                $48,000   $250,000 $200,000 $320,000 $818,000  

Maintenance

(maintenance hours)          0            1,000        1,000        8,000      10,000

Computing (minutes) 240,000               0    840,000   120,000 1,200,000

Direct Allocation of Service Departments Overheads:

Maintenance Overhead:

Etching = $5,333 ($48,000 * 1,000/9,000)

Finishing = $42,667 ($48,000 * 8,000/9,000)

Computing Overhead:

Etching = $218,750 ($250,000 * 840,000/960,000)

Finishing = $31,250 ($250,000 * 120,000/960,000)

Step-down Allocation of Service Departments Overheads

Computing Overhead:

Maintenance = $50,000 ($250,00 * 240,000/1,200,000)

Etching = $175,000 ($250,00 * 840,000/1,200,000)

Finishing = $25,000 ($250,00 * 120,000/1,200,000)

Maintenance Overhead of $98,000:

Etching = $10,889 ($98,000 * 1,000/9,000)

Finishing = $87,111 ($98,000 * 8,000/9,000)

Capital budgeting is the process of making capital expenditure decisions. used in sell or process further decisions. of determining how much capital stock to issue. of eliminating unprofitable product lines.

Answers

Answer:

The correct answer is the first option: of making capital expenditure decisions.

Explanation:

To begin with, the term known as "Capital Budgeting", in the field of business management, refers to the method a company's manager use in order to see how profitable it is to start some new inversions or projects, therefore that the main purpose of this process is to involve the elaboration of a budget that will help the superiors of the organization to make capital expenditure decisions when they are looking for a new inversion or project to start with. It is very helpful in the situations where there is a need for evaluation of future prospects.

he revenue cycle's primary objective is to Group of answer choices lower expenses. provide the right product in the right place at the right time for the right price. provide quality product in order to maximize market share. maximize the company's profit.

Answers

Answer: provide the right product in the right place at the right time for the right price.

Explanation:

Revenue cycle refers to the process involving the completion of an accounting process from the sale of a product till receipts are gotten for payment made.

The primary objective of the revenue cycle is to provide the right product in the right place at the right time for the right price.

Firm X develops and licenses its designs to be produced by outside manufacturers. Firm Y develops and manufactures its own designs. If the total invested capital of the two firms is the same, which likely has more equity capital and why

Answers

Answer:

Firm X

Explanation:

In simple words, since the firm X is asset heavy they will have more equity capital in their accounts. On average, companies that adopt asset-light models achieve higher profits. Both provide the identical invested capital, but X has more equity wealth so it can have higher returns on investments.

Thus, from the above we can conclude that the correct answer is firm X.

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables
Mar. 17: Received $2,700 from Keith MacPhearson and wrote off the remainder owed of $6,370 as uncollectible.
Mar. 17 July 29: Reinstated the account of Keith MacPhearson and received $6,370 cash in full payment.

Answers

Answer:

                                 Journal entry

Date Account & Explanation                     Debit      Credit

Mar 17.    Cash                                                 $2,700

               Allowance for doubtful accounts   $6370  

                        Account receivable                                $9,070

Jul 29     Account receivable                         $6,370

                        Allowance for doubtful accounts           $6,370

              (To record amount reinstated)

               Cash                                                 $6,370

                         Account receivable                                 $6,370

              (To record amount received)

the preferred stock of BGE, inc. is sold at $37 and pays a divident of $5. And the net price of the secuirty after issurancee costs is estimated to be $32.93 what is the cost of preferred stock for BGE? g

Answers

Answer:

15.18%

Explanation:

Cost of preferred stock = Annual dividend/Net Proceeds

Cost of preferred stock = $5 / $32.93

Cost of preferred stock = 0.1518372305

Cost of preferred stock = 15.18%

So, the cost of preferred stock for BGE is 15.18%.

Other Questions
Pls help spanish home work Please do both explain how microbes are (or become) pathogenic Each triangular face of the following solid figure is congruent. If the area of each face is 12 square inches, what is thesurface area of the entire figure? This is the first year Janis is playing softball. She has been practicing her batting. On her last swing the bat made an arc with a radius of 49 inches and sweptthrough 283 of rotation. Assuming the arc is circular, what is the distance the tip of the bat travels to the nearest inch? A retail store has two options for discounting items to go on clearance. 1: Decrease the price of the item by 15% each week. 2: Decrease the price of the item by $5 each week. If the cost of an item is $45, write a function rule for the difference in price between the two options. Jeff bought a bottle of water for $2. He also bought some hot dogs for $3 each. Jeff did not spend more than $14 on the hot dogs and the bottle of water. Witch inequality can be used to find h, the number of hot dogs that jeff could have bought. (If you answer I'll give you a brainilst;))F. 3h-2 what are the answers for these two questions? please also tell me HOW you got that answer I got 240 so I just need to double-check that. I also need to explain why it's 240 mins? Maybe an expression? Help Help plz ....................... THIS IS MY EXAM HURRY PLSWhich is a way that the elements are grouped on the periodic table? (2 points) a Elements in the same row have the same number of protons. b Elements with similar bonding properties are in the same column. c Elements in the same column have the same number of neutrons. d Elements with similar mass are placed in the same column. An ice skater covered 825 meters in 55 seconds. Find his unit rate in meters per second. 25 POINTS!! Which of the following shows the number 10,000 written as a number having just three significant digits? A. 1.000 x 10 to the 4rd power B. 1.00 x 10 to the 4th power C. 1.0 x 10 to the 4th power D. 1 x 10 to the 4th power Help please helllllp Helppppppppppp!!!!! Please Given a chance to acquire one of Jose Rizal's capabilities, how would you apply it as a student ? Write a system of equations to describe the situation below, solve using any method, and fill in the blanks. Clayton gets paid at home for doing extra chores. Last week, he did 4 loads of laundry and 5 loads of dishes, and his parents paid him $14. The week before, he finished 4 loads of laundry and 10 loads of dishes, earning a total of $24. How much does Clayton earn for completing each type of chore? Clayton earns $ per load of laundry and $ per load of dishes. Why doesn't Katniss kill Snow?Snow and Katniss have decided to become allies.BSnow offers to adopt Katniss.C Snow poisoned Katniss with the scent of his white roses.D Katniss realizes that Snow is dying and is no longer the leader of Panem, in turn shechooses to use her arrow on Coin. paul is 5 feet tall and casts a 12-foot shadow. A nearby tree casts a 42-foot shadow. how tall is the tree PLEASE HELP ME IT'S URGENT!!!!!Which sentence is punctuated correctly?A. Money has the following uses; buying and selling goods and services.B. Money is used for; buying and selling goods and services.C. Money is used for: buying and selling goods and services.D. Money has the following uses: buying and selling goods and services.Which of these correctly indicates that a portion of the quote has been omitted?A. "I know no way of judging---but by the past." -- Patrick HenryB. "I know no way of judging/but by the past." --- Patrick Henry C. "I know no way of judging....but by the past." -- Patrick HenryD. "I know no way of judging (but by) the past." --- Patrick Henry Which of the following expressions is equal to 6^4a. 6 + 6 + 6 + 6 or 24b. 6 4 or 24c. 4 or or 6 4 4 4 4 4 4 4, 096d. 6 6 6 6 or 1, 296