Which term describes a list of all ledger accounts that businesses maintain?

If an investor purchases $1,000 face amount of an 8% corporate bond at 93. The bond is scheduled to mature in 2028. What will ha

sdas [7]

Answer:

The amount to be paid is $100,440

Explanation:

When the bond matures, it is the due date on which the bond issuer need to pay off the bond on that particular date.

In this case, the bond matures in 2028, so

Interest amount = Face value of bond × Price × Interest

= $1,000 × 93 × 8%

= $7,440

The amount to be paid on maturity will be:

= $7,440 + $93,000

= $100,440

7 0

2 years ago

Sandhill Co. purchased a new machine on October 1, 2022, at a cost of $67,560. The company estimated that the machine has a salv

DanielleElmas [232]

Answer:

Results are below.

Explanation:

Giving the following formula:

Purchase price= $67,560

Salvage value= $6,900

Useful life= 6 years

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (67,560 - 6,900) / 6

Annual depreciation= $10,110

2022:

Annual depreciation= (10,110/12)*3= $2,527.5

2023:

Annual depreciation= $10,110

3 0

2 years ago

The Eastern District of Adelson Inc. is organized as a cost center. The budget for the Eastern District of Adelson Inc. for the

irinina [24]

Answer:

Eastern District: Adelson Inc.

Budget Performance Report

For the Year Ended December 31, XX

Actual Static Variance

results budget

Sales salaries $818,880 $819,840 -$960

System adm. salaries $447,720 $448,152 -$432

Customer service salaries $183,120 $152,600 $30,520

Billing salaries $98,100 $98,760 -$660

Maintenance $273,000 $271,104 $1,896

Depreciation of P & E $92,232 $92,232 $0

Insurance and prop. taxes $41,400 $41,280 $120

Total $1,954,452 $1,923,968 $30,484

Explanation:

A budget performance report shows how the actual costs and/or revenues perform according to the planned budget. A negative sign on the variance column shows a favorable variance (lower costs or higher revenues), while a positive sign shows an unfavorable variance (higher costs or lower revenues).

3 0

2 years ago

During the Great Recession, consumer sentiment in the United States declined, leading to a decrease in consumer spending. Which

Ipatiy [6.2K]

C. A decrease in the money supply

Nearly 700 banks failed in waning months of 1929 and more than 3,000 collapsed in 1930. Federal deposit insurance was as-yet unheard of, so when the banks failed, people lost all their money. Some people panicked, causing bank runs as people desperately withdrew their money, forcing more banks to close. By the end of the decade, more than 9,000 banks had failed. Surviving institutions, unsure of the economic situation and concerned for their own survival, became unwilling to lend money. This exacerbated the situation, leading to less and less spending.

6 0

2 years ago

When purchasing a dishwasher a manager can tell if it is in compliance with the regulatory authority by?

katrin2010 [14]

When purchasing a dishwasher a manager can tell if it is in compliance with the regulatory authority by? Appliances have to be compliant with federal regulations. To check if a dishwasher is in compliance, a manager can make sure there are NSF seals or ANSI certifications on the dishwasher.

5 0

3 years ago