Answer:
$100
Explanation:
The computation of the clean price is shown below:
As we know that
Clean Price = Dirty Price − Accrued Interest
where,
Dirty price is
= Ask price + Accrued interest
The ask price is $100
And, the accrued interest is
= $100 × 9% × 112 days ÷ 360 days
= $2.74
Now the dirty price is
= $100 + $2.74
= $102.74
Therefore the clean price of the bond is
= $102.74 - $2.74
= $100
Or we can say that the ask price equivalent to the clean price of the bond as both are the quoted prices
Answer:
The answer is: B) $704.50
Explanation:
The ATM deposit and the paycheck deposit increase the account balance, while the grocery store receipt decreases the account balance.
Malcolm's initial account balance was $0
The ATM deposit adds $80
The grocery store receipt deducts ($25.50)
<u>The paycheck deposit adds $650
</u>
Account balance $704.50
Answer:
Budgeted purchases of pounds of direct material B during May = 1,440 pounds @ $2 per pound.
Purchase cost = $2,880
Explanation:
Units required to be produced in April = Units required to be sold April - Opening Inventory + 40% of Sales of May
= 240 - 96 + (280 X 40%) = 256 units
Total units of raw material to be purchased = 256 X 5 pounds = 1,280 pounds
Now for the month of May
Units required to be produced in May = Sales for the month - Opening Inventory + 40% of Sales of June
= 280 - 112 + (300 X 40%) = 288
For 288 units purchase = 288 X 5 pounds = 1,440 pounds
Purchase cost for the month = $1,440 X $2.00 = $2,880
Answer:
$3,000
Explanation:
Calculation to determine How much bad debts expense will Great Landscapes report in 2019
Using this formula
2019 bad debts expense =Estimated doubtful accounts-Allowance for Doubtful Accounts has a credit balance
Let plug in the formula
Bad debts expense=$3,600-$600
Bad debts expense=$3,000
Therefore The Amount of bad debts expense that Great Landscapes will report in 2019 is $3,000
Joann, most likely, has Point of Services type of insurance plan. There are six types of the insurance health plans that differs by their premium and benefit. The HMO plan, the PPO plan, the EPO plan, and the Point-of-Service Plan (POS) are the types of insurance plan that shares a similar benefit. However, the POS plan gives the most freedom in term of health providers. Thus, POS plan is the most suitable answer.