The rates on Treasury bills in the United States have been lower on average since the year 2000 than in the 50 years from 1950-1999
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: 1.73% vs 5.23%
You might also like to view...
Internalizing external costs and assigning property rights to unowned goods are responses to market failures.
Answer the following statement true (T) or false (F)
Information is likely to be more accurate if you find it in multiple, unrelated sources
Indicate whether the statement is true or false.
0.1%, where t = number of years to maturity. What is the liquidity premium (LP) on Niendorf's bonds?A. 1.42% B. 2.10% C. 2.17% D. 1.75% E. 1.56%
The Links Company uses the percent of sales method of accounting for uncollectible accounts receivable. During the current year, the following transactions occurred:Sept 7Links Company determined that the $8,000 account receivable of the Rainier Company was uncollectible, and wrote it off.Oct 15Links Company determined that the $3,500 account receivable of the Olympic Company was uncollectible and wrote it off.Nov 9Rainier Company paid $6,000 of the amount owed to the LinksCompany. Links Company does not expect further collections from the Rainier Company.Dec 31Links Company estimates that 1% of its $1,900,000 of creditsales would be uncollectible.1. Prepare the general journal entries to record these transactions.2. If the balance of the allowance for uncollectible accounts was a $4,000
credit on January 1 of the current year, determine the balance of the allowance for uncollectible accounts at December 31 of the current year. Assume that the transactions above are the only transactions affecting the allowance for uncollectible accounts during the year. What will be an ideal response?