Year1-Year Forward Rate15%25.5%36.0%46.5%57.0%What would the yield to maturity be on a four-year zero-coupon bond purchased today?
A. 5.25%
B. 5.75%
C. 5.65%
D. 6.30%
Answer: B
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Which of the following would encourage the more positive response to a routine message?
A) A request implied in a communication about an unrelated topic B) A request made by letter C) A request made at a group meeting D) A request made using email E) A request made in person
Owens Company uses the direct write-off method of accounting for uncollectible accounts receivable. On December 6, Year 1, Owens sold $6,300 of merchandise to the Valley Company. On August 8, Year 2, after numerous attempts to collect the account, Owens determined that the account of the Valley Company was uncollectible. a. Prepare the journal entry required to record the transactions on August 8.b. Assuming that the $6,300 is material, explain how the direct write-off method violates the expense recognition principle in this case.
What will be an ideal response?
On September 15, SkateWorld borrowed $70,000 cash from Mutual Bank by signing a 6%, 60-day note payable.a. Prepare SkateWorld's journal entry to record the issuance of the note payable.b. Prepare SkaetWorld's journal entry to record the payment of the note at maturity.
What will be an ideal response?
Limited partners are investors who:
a. may not participate in management of the business b. are liable for all debts of the limited partnership c. may take an active role in the management of the business d. all of the other specific choices e. none of the other choices