Answer:
bond's selling price is $6154
Explanation:
given data
face value = $5,000
interest = 8 % of face value
rate = 6.5 %
to find out
bond's selling price
solution
we find interest that is
interest = 8 % of face value
interest = 8 % × 5000
interest = 400
so we consider bond selling price is x
so
bond selling equation will be
interest = rate × bond selling price
400 = 0.065 × x
x = 6154
so bond's selling price is $6154
Answer:
Sales Returns and Allowances $140 and Accounts Receivable $140
Explanation:
When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense so it is debited and the goods sold on account so the Accounts Receivable which is an asset decreases so it is credited.
Date Account Titles and Explanations Debit Credit
Sales Returns and Allowances $140
Accounts Receivable $140
(To record sales returns)
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer: True
Explanation: When the central monetary authority of a country attaches the value of their country's currency in relation to any other country's currency, then such an arrangement is called pegged exchange rate system.
The reference currency used by the authorities are generally of those countries which have a strong monetary base like US dollar or Euros.
Hence, from the above we can conclude that the given statement is true.
Answer:
Mark-up = 101.9%
Explanation:
<em>Mark up is the percentage of the product cost that is made as profit. It is profit expressed as a percentage of the product cost.</em>
Mark-up = profit/product cost × 100
Mark-up = $55/54 × 100 =101.85%
Mark-up = 101.9%
