When Bane Co. sells its land to a third party is the prerequisite for the gain just on sale of the land to be recognized in consolidated financial statement financial reporting.
Define the term consolidated financial statement?The financial statements for the entire group are consolidated financial statements.
They stand for the entire parent firm as well as every subsidiary that the parent company controls. They comprise the income statement, statement of cash flow and balance sheet—the three essential financial statements.A parent company's financial statement and the financial statements of its branches are combined to form a consolidated financial statement. Reviewing the financial standing of the collection of enterprises held by one company requires consideration of this statement.Thus, the prerequisite for the gain mostly on sale of the land to be recognized for consolidated company's financial reporting purposes is that whenever Bane Co. sells its land to the a third party.
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on january 1, 2024, birmingham enterprises purchases a building for $338,000, paying $58,000 down and borrowing the remaining $280,000, signing a 9%, 10-year mortgage. installment payments of $3,546.92 are due at the end of each month, with the first payment due on january 31, 2024.
If on january 1, 2024, the company purchases a building for $338,000, paying $58,000 down and borrowing the remaining $280,000.The appropriate journal entry to purchase of the building on January 1, 2024 is; Debit Building $338,000, Credit Cash $58,000, Credit Notes Payable $280,000.
How to prepare the journal entry?Since the company purchases a building for the amount of $338,000,and paid $58,000 down as well as borrow the remaining $280,000. The entry to record the purchase of the building is:
Birmingham enterprise journal entry
January 1
Debit Building $338,000
Credit Cash $58,000
Credit Notes Payable $280,000
(To record purchase of building)
Therefore the entry is to debit building , credit cash and credit notes payable.
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The complete question is:
on january 1, 2024, birmingham enterprises purchases a building for $338,000, paying $58,000 down and borrowing the remaining $280,000, signing a 9%, 10-year mortgage. installment payments of $3,546.92 are due at the end of each month, with the first payment due on january 31, 2024.
Record the purchase of the building on January 1, 2024
When High Horizon LLC was formed, Maude contributed the following assets in exchange for a 25 percent capital and profits interest in the LLC:
Basis Fair Market Value
Maude:
Cash $ 27,000 $ 27,000
Land* 135,000 402,250
Totals $ 162,000 $ 429,250
*Nonrecourse debt secured by the land equals $178,500
James, Harold, and Jenny each contributed $250,750 in cash for a 25 percent profits and capital interest.
1.What is Maude’s tax basis in her LLC interest?
2.What tax basis do James, Harold, and Jenny have in their LLC interests?
3.What is High Horizon’s tax basis in its assets?
4.Prepare a tax basis balance sheet for the High Horizon LLC showing the tax capital accounts for the members.
Maude's initial basis in LLC is $60,125
The tax basis that James, Harold, and Jenny have in their LLC interests is $217,000
High Horizon’s tax basis in its assets is $779,250.
What is Maude’s tax basis in her LLC interest?Basis prior to debt relief = Basis in Land contributed + Cash contributed + Nonrecourse mortgage in excess of basis in land + Remaining nonrecourse mortgage
= $135,000 + $27,000 + ($178,500 - $135,000) + ($178,500 - $43,500 * 25% partner interest)
= $135,000 + $27,000 + $43,500 + $33,750
= $239,250
Maude Tax Basis in LLC interest = Basis prior to debt relief - Relief from mortgage debt
= $239,250 - $178,500
= $60,750
What tax basis do James, Harold, and Jenny have in their LLC interests?Tax basis = Cash contributed $250,750 + Remaining nonrecourse mortgage $33,750 (calculated in (b))
= $217,000
What is High Horizon’s tax basis in its assets?High Horizon takes $135,000 carryover basis in Land Maude contributed and $779,250 basis in cash contributed by the other partners. Note: Cash by Jamie, Harold and Jenny ($250,750 x 3) + Cash contributed by Maude $28,000 = $752,250 + $27,000 = $779,250.
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Which term i taken to explain a collection of web ervice that facilitate interaction of web uer with ite to create uer-generated content and encourage behaviour uch a community or ocial network participation
The phrase "Web 2.0" refers to a group of web services that allow web users to engage with sites in order to develop user-generated content and encourage behaviors.
A web service is a generic word for an interoperable machine-to-machine software function that is hosted at a network addressable location. A web service has an interface that hides the implementation details so that it can be used regardless of the hardware or software platform on which it is implemented or the programming language in which it is written. This freedom encourages web service-based systems to be loosely linked, component-oriented, cross-technology implementations.
Web services can be used alone or in conjunction with other web services to carry out complex aggregation or business transactions. Tools can be used to process the WSDL and generate client programs capable of talking with the service using the XML-based SOAP protocol.
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ming lee got frustrated every time she tried to find a spice jar in her spice cabinet. she came up with a unique way to organize spices and is now investing her money and time developing the product to be sold to others. ming lee would be classified as
ming lee would be classified as Entrepreneur.
An entrepreneur is a person who starts and/or invests in one or more enterprises, taking on most of the risks and reaping the majority of the benefits. [Needs citation] The term "entrepreneurship" refers to the act of starting a business. The entrepreneur is frequently viewed as an innovator, a source of novel concepts, products, services, and/or business models.
A more limited definition of entrepreneurship is the process of creating, starting, and operating a new company, which is frequently compared to a small business, or it is the "ability and willingness to develop, organize, and manage a business venture along with any risks it may have in order to make a profit."These business owners are frequently referred to as entrepreneurs.
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ocean spray first introduced cranberry juice drinks. then it introduced cranapple (a cranberry and apple juice mix) also sold under the ocean spray brand. this is an example of a:
This is an example of a line extension. This is because the company just extended its product line.
- More about line extension :
- When a business adds new products in the same product category under the same brand name, such as new flavors, forms, colors, added components, or packaging sizes, this is known as a line extension. As contrast to brand expansion, which is the creation of a new product in a completely unrelated product category.
- Brands don't need to create new categories to grow their product lines. The addition of new flavors to a soft drink company's current drink portfolio is a great illustration of a line expansion.
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the makers of red bull energy drink want to generate earned media and create associations between the brand and popular culture. which of the following types of media vehicle may be particularly useful in this strategy?
Sponsorship of the Cliff Diving World Series media vehicle may be particularly useful in this strategy.
The Red Bull Cliff Diving World Series is an annual worldwide series of cliff diving competitions that Red Bull founded in 2009. A select group of participants determines the Cliff Diving World Series champion.
Everywhere in Red Bull Cliff Diving World Series, Slingshot Sponsorship created a cutting-edge marketing campaign for a female sports brand with roots in Norway.
Slingshot Sponsorship recognized a huge potential that was being passed up regarding the introduction of women to the event the next year because to the event's massive global viewership.
Slingshot Sponsorship developed a PR campaign around a series of "teaser-dives" from notable spots throughout Norway in the lead-up to the cliff-diving series after forming a collaboration between the female sportswear company Kari Traa and the cliff-diving superstar, Ana Bader.
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should the government use monetary and fiscal policy in an effort
Fiscal policy typically affects consumers more than monetary policy when the two are compared.
Is it better to use fiscal or monetary policy?Given that it can result in more employment and income, fiscal policy typically has a greater impact on consumers than monetary policy.Governments drain money from the economy and stifle business development through raising taxes.It is best to combine monetary and fiscal policies.Fiscal policy can directly put money into or take money out of people's pockets, whereas monetary policy impacts financial conditions and the amount of bank reserves. Fiscal policy alters governmental spending and taxation, which impacts overall demand.These variables affect household income and employment, which in turn affect consumer spending and investment.Money supply in an economy is impacted by monetary policy, which in turn affects interest rates and inflation.To learn more about fiscal policy refer,
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each morning the controller gets the prior day's list of remittances, a copy of the payment report, and a copy of the deposit slip returned from the bank. when comparing these items, the controller would be able to determine that
The amount on the deposit slip would not match the remittances or the payments reported if the cash received was not deposited in its entirety or remittances were not posted.
What is payment report?Based on the payments and refunds in the system, the payments report shows a summary of payments, donations, and refunds, or your cash flow transactions. The income report, which lists all invoices created within the given time period, whether paid or not, differs from the payments report.For a certain period range, the payment analysis report shows how, when, and what kinds of payments are received at your clinic.The goal of preventive controls is to lessen the likelihood of errors and fraud before they happen, and they frequently center on the idea of separation of roles. Preventive controls are crucial from the perspective of quality because they are proactive and centered on quality.To learn more about payment report refer to:
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how did the cotton boom affect the economy of the south
The need for slaves rose as cotton production increased. Because of this demand for them in the Deep South, slaves in the Upper South became enormously more valuable as commodities.
How does the South's economy react to the cotton boom?The cultivation of cotton altered the country, elevating the value of the Deep South's lush terrain from Georgia to Texas. The need for slaves rose as cotton production increased. Because of this demand for them in the Deep South, slaves in the Upper South became enormously more valuable as commodities.The development of the cotton gin increased the profitability of cotton farming, necessitating the hiring of more laborers and strengthening the South's reliance on slavery.The development of the cotton gin transformed the South's economy into a monoculture and raised the demand for slave labor. The creation of the cotton gin helped the South's economy recover. farmers grew nothing else during the cotton boom that the cotton gin caused.To learn more about Cotton boom refer to:
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an investor has been consistently investing in the funds of a specific fund family. since she has kept her investments concentrated in one family of funds, she has been able to reduce the sales charge on some of her purchases. the client has been using which mutual fund feature?
An investor has been consistently investing in the funds of a specific fund family. Since she has kept her investments concentrated in one family of funds, she has been able to reduce the sales charge on some of her purchases. The client has been using the mutual fund sales charges reduction feature.
A term frequently used to describe class "A" shares of a mutual fund. This cost, which is paid when shares are purchased, is also known as a sales charge. This charge, also referred to as a "front-end load," usually goes to the brokers who sell shares of the fund.
Your investment is reduced by front-end loads. Let's imagine, for illustration purposes, that you want to put $1,000 in a mutual fund with a 5% front-end load. The top $50 sales load is deducted, leaving $950 that will be invested in the fund. According to the Investment Company Act of 1940, the maximum sales load is 9%. According to NASD Rules, the maximum sales load is 8.5%.
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for five years, willard insurance group offered $500 bonuses to individuals who identified ways to reduce costs by at least $1,000 per year. in the first year of that incentive program, 31 employees earned the bonus, but last year, only 14 submitted ideas, and only three of the ideas would actually save more than a few dollars. the company's hr director suggests that the company is likely to see more improvement if it replaces individual incentives with a gainsharing plan. which statement best supports this argument? group of answer choices gainsharing measures oversimplify the complex responsibilities of production work. gainsharing succeeds regardless of whether employees understand how performance is measured. gainsharing broadens employees' horizons beyond the range of activities they can influence. gainsharing is likely to succeed under almost any organizational conditions. gainsharing expands employees' thinking beyond their individual interests.
Based on the benefits of gainsharing and this scenario, the best statement to support this argument is e. Gainsharing expands employees' thinking beyond their individual interests.
What is an example of gainsharing?
Gainsharing allowed for the production of the subsequent $1,000,000 worth of axle output and shipment in just 9,000 hours. The 1,000 hours saved are worth $10,000 if the hourly salary is $10. The workforce and the firm should split the benefit equally.What advantages does gainsharing offer?
Gainsharing plans encourage employees to give their best efforts and instill a sense of pride in their professional accomplishments in them. As a result, there are indirect advantages such as lower levels of employee attrition and consequently less time and money required to train new hires.Learn more about Gainsharing
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three pigs construction wants to purchase three new machines to make construction faster. the cost of the machines is $260,000. the net cash flows resulting from the investment are as follows: year 1: $90,000; year 2: $80,000; year 3: $80,000; year 4: $75,000. compute the payback period for this project.
The payback period for this project is of 4 years.
What is the payback period?The time it takes to recoup the cost of an investment is referred to as the payback period. It is simply the amount of time it takes an investment to break even. The payback period is crucial since people and businesses invest money primarily to be reimbursed.So, the payback periods are:
The investment is $260,000.
Then the payback periods will be:
3 years 90,000 + 80.000 + 80,000 = $250,000
Now, add the cash flow of the 4th year:
250,000 + 75,000 = $3,25,000
Therefore, the payback period for this project is of 4 years.
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what happened within three years after millercoors hired an it services firm to help them replace seven different instances of their sap erp systems with one consolidating instance?
What happened three years after MillerCoors hired a service company to help them replace seven different examples of their rubber system with one example of consolidation was launching a more unified structure designed to serve the entire company.
A service company is a business that has production activities whose products are intangible or services and aims to meet the needs of consumers and make a profit.
In everyday life there are many examples, one of which is public transportation services. With this company, people are helped to travel from one place to another. With increasingly advanced technology, these services can now be ordered with an online application. Consumers can order transportation services and deliver them to their destination using only their smartphone. You can even send goods or order food through the online application.
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Rhiannon is an inside sales representative at a natural cosmetics company. She recently sold a new primer the company released to many clients. However, the pump on the primer bottle does not work properly. Investigation shows the error stems from the manufacturer of the pump. Rhiannon’s sales manager had pressured rhiannon to sell this new product, and now rhiannon is worried that this is not an isolated incident. In this case, there could be a major recall, and the firm’s ceo would have to get involved. If a client is highly dissatisfied and wants to express discontent, who are they most likely to contact first?.
In this case, there could be a major recall, and the firm’s CEO would have to get involved. If a client is highly dissatisfied and wants to express discontent, they are most likely to contact first Rhiannon’s Sales manager.
A sales manager is a person who is answerable for leading an organization’s sales group. In a large organization, they will record to the sales director or head of income, at the same time as in smaller businesses, they may probably record directly to the CEO or managing director. The function can range relying on the scale and kind of the employer – and the service or product it sells – however commonly income managers are the specialists putting income goals and quotas and push their crew to hit them.
As leaders, sales managers are generally liable for hiring and firing, figuring out which training is wanted and providing it, mentoring income reps, and assigning sales territories. Their position additionally consists of growing sales plans and reading information which will make informed choices. they may often record back to administrators on development – and can have a hand in steering the future of the commercial enterprise. the whole thing they do contributes to their goal of hitting income objectives and generating profit for their employer.
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hedonic quality adjustment refers to multiple choice question. estimating what the price of a good would be without improved quality. holding price constant in a predetermined base year. holding quantity constant in a predetermined base year. estimating what the price of a good would be without increased quantity.
The hedonic quality adjustment refers to 'estimating what the price of a product/good would be without improved quality'. Thus, option "A" holds the correct answer i.e. 'estimating what the price of a good/product would be without improved quality'.
Hedonic quality adjustment is one of the approaches used by the Consumer Price Index (CPI) in order to account for changing the quality of products within some CPI item samples. The hedonic quality adjustment offer ways to adjust prices whenever the characteristics of the products and services included in the CPI change because of innovation or the launch of entirely new products.
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Which of the foliowing are the tenets of lean manufacturing that Dr. James Womack included in his book The Machine that Changed the World? More than one answer may be selected. a. Identifying how each product acquires value b. relentlessy oursuing pertection c. creating products that consumers arent aware that they want d. inciuaing redundant steps as an extra measure of quality control
Based on the book written by Dr. James Womack titled The Machine that Changed the World, the tenets of lean manufacturing include "Identifying how each product acquires value, and relentlessly pursuing perfection."
The purpose of the book The Machine that Changed the WorldIn the book written by Dr. James Womack, he wrote about the five major principles every engineer should understand when considering lean manufacturing. These tenets are known to be the guiding principle that enables manufacturing companies to produce their products at a cheaper cost.
The five major tenets of Lean Manufacturing are:Identifying how each product acquires value.Relentlessly pursuing perfectionCreating supply flowMapping the value streamEstablishing pullHence, in this case, it is concluded that the correct answer is options A and B "Identifying how each product acquires value, and relentlessly pursuing perfection"
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firms that grow quickly may seem less risky/more likely to succeed; therefore fast growth may help an entrepreneur extract better ownership terms from potential investors.
a. true
b. false
Firms that grow quickly may seem less risky/more likely to succeed; therefore fast growth may help an entrepreneur extract better ownership terms from potential investors. true
An entrepreneur is a character who identifies a need within the market and works to satisfy it. The time period, traditionally, has been applied to a person who starts offevolved an enterprise, seeing the ability to meet that recognized need as a financial opportunity.
Schumpeter is nicely recognized for his theories on business cycles and the development of capitalist economies, and for introducing the concept of entrepreneurship.
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though the responsibility for making fiscal policy lies with___, and the administration of fiscal policy occurs primarily in the ____
a. the president, Federal Reserve Board
b. the president, Treasury Department
c. Congress, Treasury Department
d. Congress, Department of Commerce
Though the responsibility for making fiscal policy lies with Congress, and the administration of fiscal policy occurs primarily in the Treasury Department.
Fiscal policy refers to the tax and spending policies of the federal authorities.
Financial policy choices are determined by means of Congress and the management; the Fed performs no function in determining fiscal coverage.
Within the united states of America, financial coverage is directed via both the government and legislative branches of the government.
Within the govt branch, the President and the Secretary of the Treasury, often with financial advisers' recommend direct fiscal regulations.
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Which of the following increases the cost of money?
a. High risk
b. Low inflation
c. High production opportunity
d. Low time preference for consumption
Option a.) Higher risk is the correct answer, because higher risk leads to lower cost of capital. The higher the risk of an investment, the higher the return potential.
In theory, on average, the higher the risk, the more money you get to hold your investment, and the lower the risk, the less money you get. For investment securities, you can create charts showing different types of securities and their associated risk/reward profiles. Risky investments may offer higher return opportunities than others, but they put your money at greater risk. This means that risky assets can generate large returns if things go well. But if things go wrong, you could lose all your invested money.
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company sunland sells $2400 of merchandise on account to company wildhorse with credit terms of 1/10, n/30. if company wildhorse remits a check taking advantage of the discount offered, what is the amount of company wildhorse's check? $2220 $2376 $2310 $2130
B) If the company Wildhorse sends a check using the cash discount provided, the check's total will be $2,376, according to the agreement.
A cash discount is what?Cash discounts are incentives provided by sellers that lower the amount that the buyer owes by a set dollar amount or by a predetermined percentage of the total bill. If an invoice has a 30-day payment term, for instance, the seller can grant the buyer a standard cash discount of 2% in exchange for paying the invoice within the first 10 days of receiving it.
Small cash discounts help the seller since they make it more likely that the buyer would make a prompt payment. Therefore, cash discounts give the seller access to funds more quickly; on occasion, it may be preferable to get 95% of an invoice within a few days rather than having to wait 30 or more days for the remaining balance.
Early payment enables the seller to use the funds to reinvest in the company more quickly.
Calculation:
The following chart illustrates how the Concord Company check's amount was calculated:
= Discount from the item's sale price
= $2,400 - ($2,400 × 1%)
= $2,400 - $24
= $2,376
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A monopolistically competitive firm in the long run will produce an amount that is _______ the quantity where average cost is at a minimum and charge a price that is _______ marginal cost.
The complete statement is "A monopolistically competitive firm, in the long run, will produce an amount that is less than the quantity where the average cost is at a minimum and charge a price that is Greater than marginal cost."
What is marginal cost?Generally, The change in the overall cost that occurs as a result of an increase in the amount produced is referred to as the marginal cost. This term is used in economics to refer to the cost of producing an extra quantity.
In conclusion, The whole sentence reads as follows: "In the long term, a monopolistically competitive company will produce an amount that is less than the quantity where the average cost is at a minimum and charge a price that is more than the marginal cost."
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rachel owns 100 percent of a gift shop with an equity value of $150,000. if she keeps the shop open 5 days a week, ebit is $75,000. if the shop remains open 6 days a week, ebit increases to $92,000 annually. rachel needs an additional $50,000 which she can raise today by either selling stock or issuing debt at an interest rate of 7 percent. the principal amount would be repaid in equal annual payments at the end of the next five years. ignore taxes. what will be the cash flow for the next year to rachel if she issues stock to another individual, remains open 6 days a week, and distributes all the residual cash flow to the shareholders?
The cash flow for the next year to Rachel if she issues stock to another individual, remains open 6 days a week will be option B which is $88500.
Gift shops are open 6 days a week,
EBIT = $92000
Debt = $50000 issued at 7% of interest
Interest = 50000 × 7% = 3500
Residual Cash Flow to shareholders
= EBIT - Interest
= 92000 - 3500
= 88500
Hence the cash flow for the next year to Rachel if she issues stock to another individual, remains open 6 days a week, and distributes all the residual cash flow to the shareholders is $88500.
Earnings before interest and taxes (EBIT) are a typical proportion of an organization's working productivity. As its name recommends, EBIT is an overall gain barring the impact of obligation interest and expenses. Both of these expenses are genuine money costs, yet they're not straightforwardly produced by the organization's center business tasks
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A bank loans greg’s ice cream $250,000 to remodel a building near campus to use as a new store. On their respective balance sheets, this loan is.
On their respective balance sheets, this loan is an asset for the bank and a liability for Greg's Ice Cream. The loan increases the money supply.
The regulation of delivery summarizes the effect price changes have on a producer's behavior. As an example, a commercial enterprise will make greater of an excellent (consisting of TVs or motors) if the charge of that product will increase. So, if the fee for TVs will increase, tv producers are incentivized to provide greater of them.
In economics, deliver is the amount of aid that companies, producers, laborers, companies of monetary assets, or different economic agents are inclined and able to offer to the market or to a man or woman.
Despite the fact that whatever is in demand and is sold within the monetary market is called deliver, the term is normally used for products, goods, and offerings. The maximum critical factor for supply is the price of the product. If a product's fee will increase, the supply of the product may even grow.
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11. consider a three-year corporate bond selling for $1026.73, paying interest annually, with a face value of $1,000, a coupon rate of 7%, and a ytm of 6%. what is the duration of this bond?
The duration of a three-year corporate bond is 2.63 years. A lower coupon rate increases a bond's duration.
How does the duration of a bond change?Bond length can be used to calculate how much an interest rate change will likely affect bond prices. Bond duration, or interest rate risk in more technical terms, is measured.
A bond's duration is increased by a lower coupon rate since proportionately less payment is received before the bond's eventual maturity. Because a proportionately greater amount of payment is received prior to final maturity, a bond's lifespan is shortened the higher its coupon.
Given that
Face value of bond = $1000
maturity i.e. n = 3 years
coupon rate = 7%
Yield to maturity (YTM) = 6%
Price of bond = $1026.73
Coupon amount = Face value of bond × coupon rate
= $1000 × 7%
= $70
Current yield = coupon amount/ Price × 100
= 70/1026.73 × 100
= 6.82%
Annuity factor at YTM rate i.e. 6% for 3 years of maturity period
=[1-"(1+YTM)^(-maturity)"]/ YTM rate
=[1-'(1+0.06)^(-3)"]/0.06
=[1-0.83961928]/0.06
= 0.16038073/0.06
= 2.673012
Duration of the bond
= Current yield/YTM × annuity factor × (1+YTM factor)+(1- Current yield/YTM) × n
= 6.82/ 6 × 2.673012 × 2.673012 × 1.06 +(1-1.36666667) × 3
= 3.03832365 - 0.41000001
= 2.63 years
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a respondent indicated she redeemed a coupon at walmart last week but later indicated that she had not visited a walmart in over two weeks. this type of response poses a problem of . a. completeness. b. comprehensibility. c. uniformity. d. legibility. e. consistency.
This type of response poses a problem of consistency. A hypothesis is consistent if it does not result in a logical contradiction.
What is consistency ?A consistent theory in traditional deductive logic is one that does not result in a logical contradiction. Both semantic and syntactic definitions of the absence of contradiction are possible.The term satisfiable is employed in modern mathematical logic in place of this concept in classical Aristotelian logic.A consistency proof is a mathematical demonstration of the consistency of a given theory. As part of Hilbert's programme, the early development of mathematical proof theory was motivated by the need to offer finite consistency proofs for all of mathematics. The incompleteness theorems, which demonstrated that sufficiently robust proof theories cannot prove their own consistency, had a significant impact on Hilbert's programme.Model theory can be used to demonstrate consistency, however it is frequently done in a syntactically-only manner without referencing any models of the logic. Since there is no general contradiction and no cut-free proof of falsity, the cut-elimination implies that the calculus is consistent.To learn more about consistency refer :
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What makes up your credit score?
The things that makes up your credit score payment history, new credit and types of credit used.
In payment, its history shows how consistently you have made your payment on time. This is the main credit score.
Every time you apply for credit, your score goes down. There is one exception, when you're shopping, student loan etc.
The credit score increase if you responsibly use different types of credit, such as installment and revolving debt.
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select all that apply in which situations does a company issue a note receivable? (check all that apply.)
The business lends money to businesses or employees.
The company extends the payment period and charges interest as an exception for a customer who is struggling financially.
A note receivable is issued by a company in which circumstances?
The business lends money to businesses or employees. By converting an existing account receivable, the company gives the customer more time to pay the debt plus interest.
In accounting, what are notes receivable?
A note receivable is an asset account linked to an underlying promissory note that specifies in writing the payment terms for a purchase between a "payee" (typically a company, sometimes referred to as a creditor) and the "maker" of the note (typically a customer or employee, sometimes referred to as a debtor). This account is linked to an asset account.
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Full Question = In which situations does a company issue a note receivable? (Check all that apply.)
the owner of 50 acres of land with 500 feet of frontage on a desirable recreational lake wishes to subdivide the parcel into salable lots. she wants to retain control over the lake frontage while allowing lot owners to have access to the lake. what type of access rights should she give prospective lot purchasers?
The type of access rights should she give prospective lot purchasers An appurtenant easement.
What is easement?An easement refers to the right to use someone else's property for a specific limited purpose. An easement is a specific type of easement in which two properties are joined together as a serving tenement and a principal tenement. Common examples of appurtenant include driveways, ditches, fences, and right-of-way. For more information on appurtenant , see Easement Practical Information and Sample Easement Agreement.For example, if parcel B is behind parcel A and there is a driveway over parcel A that provides access to the road, that access is an easement. The right to access the driveway to the road is sold at both properties and the new property owner must continue to provide access.To learn more about easement from the given link :
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choose one that describes your leadership skill set. tell why you think it suits you? who else that is famous has those leadership traits? tell what type of job they have and how it would help them with helping others?
The world was governed by Indian Prime Minister Narendra Modi thanks to his abilities as a leader. His vigor, zeal, and desire to learn new things, in my opinion, are comparable to mine.
The term "world" can refer to the entirety of all beings, all of reality, or everything that is in its broadest sense. In several fields, distinct conceptions of the cosmology of the nature of the world exist. While some theories hold that the world is one, others speak of a "plurality of worlds." Others view the world as a complex made up of numerous elements, while some treat it as a single, straightforward item. The cosmos or universe is sometimes described in scientific cosmology as "the entirety of all space and time; all that is has been, and will be." On the other hand, theories of modality refer to possible worlds as complete and coherent scenarios of how events might have transpired. Phenomenology.
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what benefits do private and public interests bring to society? what are some disadvantages of private and public interests?
Private interests often lobby the government for particularized benefits, which are narrowly distributed. These benefits usually accrue to wealthier members of society.
They give citizens access to private and collective goods. Public goods are often underfunded and underproduced, and some private goods are unfairly distributed among elites.
Poor people may also have lower levels of effectiveness. This refers to the belief that you can make a difference or that the government cares about you and your opinion. People who are less efficient are less likely to participate in politics, such as voting or joining interest groups. Public goods offer special benefits, while private goods are more diversified. Public goods provide broad utility and private goods provide specific utility.Learn more about Private interests here: https://brainly.com/question/1206328
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