Answer:
The answer is "$306 and $204".
Explanation:
Given value:
Stacy salary = $300
Virginia salary = $200
The nominal value is 2%
Calculating the Stacy salary 
Calculating the Virginia salary 
Answer:
7.4%
Explanation:
Coupon rate=coupon payment/face value
The coupon payment can be ascertained using the pmt Excel function as stated below:
=pmt(rate,nper,-pv,fv)
rate is the yield to maturity expressed in semiannual terms i.e 6.9%*6/12=3.45%
nper is the number of semiannual coupons the bond would pay over its 22.5 years i.e 22.5*2=45 payments
pv is the current price of $1057
fv is the face value of $1000
=pmt(3.45%,45,-1057,1000)=$37(semiannual coupon)
annual coupon=$37*2=$74
coupon rate=$74/$1000=7.4%
The terms and the definitions are matched appropriately
Explanation:
1. Operating cycle - C. The time it takes to purchase goods or services from suppliers, sell goods or services to customers, and collect cash from customers.
2. Accrual basis accounting- B. Record expenses when incurred in earning revenue.
3. Retained Earnings = Beginning Retained Earnings + Net Income - Dividends Declared - J. The income statement equation.
4. Unearned revenue - F. An asset account used to record cash paid before expenses have been incurred.
5. Revenues - Expenses = Net Income - L. The retained earnings equation.
6. Expenses - I. Record revenues when received and expenses when paid.
7. Prepaid Expenses - A. Report the long life of a company in shorter periods.
8. Gains - E. Increases in assets or decreases in liabilities from peripheral transactions.
9. None of these are correct
