Last year, you bought a bond with face value $1000, maturity 15 years, coupon rate of 7% per year payable semi-annually and yield to maturity of 5.5% per year. Currently the bond sells for $900. How much would be your total yield if you sell this bond today

Answers

Answer 1

If you sell the bond today, your total yield would be $1150.

To calculate the total yield if you sell the bond today, you need to consider the coupon payments and the price difference.

First, calculate the annual coupon payment. The coupon rate is 7% per year, payable semi-annually, so the annual coupon payment would be (7% / 2) * $1000 = $35.

Next, calculate the number of coupon payments remaining. The bond has a maturity of 15 years, so there are 15 * 2 = 30 coupon payments remaining.

Now, calculate the total coupon payments you would receive by multiplying the annual coupon payment by the number of coupon payments remaining: $35 * 30 = $1050.

Lastly, consider the price difference. You bought the bond for $1000, but it currently sells for $900. This means there is a price difference of $100.

To calculate the total yield, add the total coupon payments to the price difference: $1050 + $100 = $1150.

Therefore, if you sell the bond today, your total yield would be $1150.

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Related Questions

Which is the first step in setting a financial goal?

a. setting aside leftover income
b. reducing your spending
c. tracking your spending
d. starting a second source of income

Answers

Answer:

All four actually.

Explanation:

In order to reach a financial goal you need to:

1. Save Money

2. Set and manage a budget (usually a monthly budget listing all your known expenses works)

3. Track your spending, and keep managing your budget.

4. Reduce your spending. If you are trying to reach a goal, a great line of thinking is “Only buy what you Need, Not what you Want”

5. If you are trying to reach a set financial goal quickly, then yes, it makes sense to find a secondary source of income, such as a part time job, or start a selling site on EBay, for items you don’t use anymore, etc.

Answer: B. reduce your spending.

Explanation: by not spending money this will allow you to save money for your financial goal.

if you we're running a company, describe at least two things you would do to improve its productivity

Answers

Answer:

I would provide training in order to boost the product quality and make the workers more advanced and productive. I would also give more paid time off so that the workers have a chance to recharge and come back to work refreshed.

Explanation:

Mario Gillespie owns 200 shares of Asset Investment
Corporation. He paid $32.75 per share. Asset Investment
pays a $5.00 per share dividend.
a. What is the total annual dividend?
b. What is the annual yield?

Answers

Answer:

A.

Explanation:

$1000

The total annual dividend is $1000.

The annual yield is 15.26%

What are shares?

A share can also refer to something like a unit of an unit trust, a limited partnership, or a property investment trust. A share is a quantity of shareholdings in the financial assets of a firm. The term "share capital" describes all of an organization's shares.

The information that was given was:

The total number of shares was 200

The amount that needs to be prepared is $32.75

The dividend that was received was $5

The total annual dividend will be calculated as:

annual dividends = dividends per period * dividend frequency

= 200 * $5.00

= $1000

The annual yield will be calculated as:

dividend yield = (annual dividends/share price) * 100

= (5 / 32.75)*100

= 0.1526 * 100

= 15.26%

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You are auditing the financial statements of hope engineering, a limited company, for the year ending 31 march 20x8. the partner in charge of the audit instructs you to carry out a review of the company's activities since the financial year end. mr smith, the managing director of hope engineering, overhears the conversation with the partner and is surprised that you are examining accounting information which relates to the next accounting period.
explain the nature and purpose of a subsequent events review (6 marks)
describe the audit procedures which would be carried out in order to identify any material subsequent events​

Answers

A subsequent events review: is an audit procedure that examines events that occur after the date of the financial statements but before the auditor's report is issued.

The purpose of this review is to ensure that any material events that have occurred are appropriately disclosed in the financial statements.

To identify any material subsequent events, the auditor may inquire of management about events that have occurred since the balance sheet date, review minutes of meetings held after the balance sheet date, and examine subsequent transactions and other documents.

The auditor may also consider the impact of subsequent events on the financial statements and assess whether additional disclosures or adjustments are necessary. The procedures carried out by the auditor depend on the nature and significance of the subsequent events and their potential impact on the financial statements.

It is important to carry out a subsequent events review to ensure the financial statements are not misleading and to provide users with accurate and reliable information.

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Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.


its not multiple choice- need help!

Answers

Answer:

conveyor belts

Explanation:

A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.

give short introduction about tourism industry​

Answers

Answer:

Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.

Answer:

Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.

HELP PLEASE
Q1 How would you describe Snap-On Tools' competitive strategy? Does it fit a price or non price model? Explain (4)
q2 How are the free enterprise " freedoms" of ownership and profit depicted in this scenario on Snap- On Tools? (4)
Q3 Is there any risk for the franshised dealers who purchase the truck, tools and equipment from Snap- On? ( 2)

HELP PLEASE Q1 How would you describe Snap-On Tools' competitive strategy? Does it fit a price or non

Answers

Answer:

Q1. Non price model

Q2. How free enterprise "freedom" of ownership and profit are demonstrated includes

1) Snap-on tools ability to make and sell their tools for profit

2) Snap-on tools ability to sell out of mobile trucks, rather than store

3) Snap-On tool is able to offer credit financing to the its customers

Q3 The risks are,

a) Damage to reputation

b) Joint liability

c) Compliance to commercial regulations

Explanation:

A non-price competition is a form of marketing strategy, whereby a company or establishment puts in place distinguishing factors in its goods and or services, in order to distinguish them from competing goods or services.

What type of business makes physical goods that customers can see or touch?
Internet service provider
banking industry
manufacturing industry
commodities industry

Answers

Manufacturing industry, type of business makes physical goods that customers can see or touch. Thus, option (c) is correct.

The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.

Manufacturing industry is a type of business that can produced the goods (product) are tangible form. Manufacturing industry produced two types of goods such as consumer goods and industrial goods. Customer can easily touch and feel the product.

As a result, the significance of the type of business makes physical goods that customers can see or touch are the aforementioned. Therefore, option (c) is correct.

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which of the following statements about earnings per share is correct? group of answer choices increased net income would cause earnings per share to decrease. issuance of more common shares would cause earnings per share to increase. purchasing treasury shares would cause earnings per share to decrease. it is calculated using weighted average number of common shares outstanding.

Answers

The correct statement about earnings per share is that it is calculated using the weighted average number of common shares outstanding.

Earnings per share (EPS) is a financial metric used to evaluate a company's profitability on a per-share basis. It is calculated by dividing the company's net income by the weighted average number of common shares outstanding during the period.
An increased net income would cause earnings per share to increase, not decrease as stated in one of the given statements. Similarly, the issuance of more common shares would cause earnings per share to decrease, not increase.
Purchasing treasury shares would cause earnings per share to increase, not decrease, as the number of outstanding shares decreases, thus increasing the earnings per share for the remaining shares.
In conclusion, the correct statement about earnings per share is that it is calculated using the weighted average number of common shares outstanding.

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Question 2 of 10
Jeremy doesn't have a lot of money to spend on advertising, but he knows his
target audience are local outdoor enthusiasts. Which type of media format
should Jeremy use to advertise?
A. Local newspapers
B. Billboards on busy streets
C. National television commercials
D. Plane banners

Answers

Answer:

B. Billboards on busy streets

Explanation:

Billboard advertising involves making use of large-scale print advertisements to market a company's products and services.  Billboards are strategically mounted in high traffic areas to pass their message to as many people as possible. Busy highways and streets, strategically located buildings are ideal places to put billboards.

Jeremy should consider using billboards for the following reasons.

His clients are local outdoor enthusiasts;  he needs to find out their favorite destinations are put billboards along the way. This way, he will capture their attention.Billboards are less costly compared to other advertisement options, such as television or plane banners.Billboards will be effective in his case. Because his clients are local, and billboards remain in place for several days or weeks,  his target clients will not fail to spot them.

Answer:local news papers

Explanation:

which of these is the interest rate that is actually observed in financial markets?

Answers

The interest rate that is actually observed in financial markets is the market interest rate.

The market interest rate is the interest rate that banks and other financial institutions charge one another for lending and borrowing funds. It is determined by the forces of supply and demand in the financial markets and is typically influenced by the Federal Reserve's monetary policy.

It is also affected by economic conditions, such as inflation, unemployment, and GDP growth. The market interest rate is used to determine the cost of borrowing money, and is the rate of return investors can expect on investments.

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Which one of the following is an opportunity cost?
answer choices

You stay out late and your parents ground you.

You run a red light and you get a ticket.

You choose to give up math to study for history.

In a softball game, you miss the ball and strike out.

Answers

The value of giving up the next best option is the correct response. It is defined as the price of forgoing the best alternative. It symbolizes the sacrifices that people are forced to make because of a lack of resources.

What does opportunity cost look like?

The night before an exam, a student goes to the movies for three hours and spends $20. Time spent studying and money used for other purposes are the opportunity costs. Wheat is planted by a farmer; Planting a different crop or making a different use of the resources (land and farm equipment) is an example of the opportunity cost.

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Which of the following is the type of supplier integration where suppliers establish manufacturing facilities closeby?
a. Collaborative forecasting
b. Vendor managed inventory
c. Insourced warehousing
d. Early supplier involvement in NPD
e. Supplier-integrated manufacturing

Answers

The correct answer is e. Supplier-integrated manufacturing. In this type of supplier integration, suppliers establish their manufacturing facilities in close proximity to the buyer's facilities.

This arrangement allows for better coordination, communication, and sharing of resources between the buyer and the supplier. It enables faster response times, reduced transportation costs, and increased supply chain efficiency. By locating manufacturing facilities nearby, both parties can collaborate closely, streamline production processes, and optimize the flow of goods, leading to improved quality control, lower lead times, and enhanced overall operational performance. Supplier-integrated manufacturing promotes stronger partnerships and facilitates a seamless integration of the buyer's and supplier's manufacturing capabilities.

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Brainliest and 50 points each.
An athletic shoe company that specializes in running shoes is developing a new shoe that has cutting edge features that will revolutionize long-distance running. This product has never been sold before, and they would like to launch right before summer. In 1 to 2 paragraphs, describe the marketing research that would help solve this problem.

Answers

Examine past sales history: Examine sales history to determine and differentiate which items sold well and which did not. Conduct extensive market research: This is critical for predicting future sales and determining whether the shoes will sell satisfactorily.

What is meant by past sales history?

Past sales history is the checking of the sales and the time and occurrence of the sales, and on which product the sales are maximum. This will help the team to understand the preference of the customers.

Past sales history helps the company to forecast their next strategy and understand the customer. This is used in making the shoes of people kinds.

Thus, Examine past sales history and Conduct extensive market research.

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You are planning a promotion that will feature breakfast burritos Your store normally sells 175 breakfast burritos per week The promotion is scheduled to last for one week The stated goal is a sales increase of 20%. How many more breakfast burritos must be sold in order to meet the sales increase goal

Answers

Answer:

35 more burritos need to be sold.

Explanation:

Normal sales are 175 burritos per week.

The promotion target is to increase sales by 20%.

The additional sales from the promotion must be at least  20% of 175 to meet the sales goal.

20% of 175 burritos

=20/100 x 175

=0.2 x 175

=35

35 more burritos need to be sold.

if you could start your own business, what wold it be?

Answers

Answer:

It would be a gym because I like to exercise

The wearing away of the Earth's surface is called​

Answers

Answer:

Erosion is the wearing away of the Earth's surface.

1. Goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception​

Answers

Answer:

The answer is below

Explanation:

The goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception​ are the following:

1. No Poverty: as a result of poverty in some rural areas which is affecting children's development in UAE, the government has made it official to eradicate poverty in those areas.

2. Education for All: this is to ensure that children of age 6 to 18 or Grade 12, all have access to quality education, so as to boost literacy level in UAE

3. Social Support: this is to ensure those with the lowest income are able to cater to their children and afford a decent life.

One way that you can create your personal brand online is to keep a
. Not only can you post your résumé here, but you can update it often with professional articles and posts for others to read. Make sure that th
that your social media accounts portray comes off professional and positive. Hiring managers use social media accounts to learn about you.

Answers

One way to establish and enhance your personal brand online is by maintaining a professional and active presence on social media platforms.

By creating a personal website or an online portfolio, you can showcase your skills, experience, and achievements to potential employers or clients. This platform allows you to regularly update your résumé with new accomplishments, certifications, or relevant projects, demonstrating your growth and expertise over time.

Additionally, your personal website or portfolio can serve as a hub for professional articles, blog posts, or case studies that highlight your industry knowledge and thought leadership. Sharing valuable insights and expertise through these mediums not only helps establish you as a credible professional in your field but also attracts a wider audience and increases your online visibility.

Moreover, it is crucial to ensure that your social media accounts align with the professional image you want to portray. Consistently posting relevant content, engaging with industry peers, and participating in meaningful discussions can help you build a strong network and establish yourself as a valuable contributor in your professional community. Furthermore, showcasing your involvement in conferences, workshops, or volunteering activities can enhance your reputation and demonstrate your commitment to continuous learning and personal development.

It's important to remember that hiring managers often use social media accounts to gain insights into a candidate's personality, values, and professionalism. Therefore, maintaining a positive and professional online presence is essential. Regularly reviewing your privacy settings, avoiding controversial or offensive content, and sharing content that reflects your expertise and interests can help create a favorable impression and enhance your chances of being considered for opportunities.

In summary, establishing a personal brand online through a professional website, active social media presence, and sharing valuable content allows you to showcase your skills, expertise, and accomplishments. By maintaining a positive and professional image, you can attract potential employers, clients, and opportunities while building a strong professional network within your industry.

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where is my brother kadin

Answers

He up my butt hole, lol

where did u see him last

María, age 32, earns $60,000 working in 2022. She has no other income. Her medical expenses for the year total $6,000. During the year, she suffers a casualty loss of $9,500 when her apartment is damaged by flood waters (part of a Federally declared disaster area). María contributes $6,000 to her church and pays $4,000 of state income taxes. On the advice of her friend, Maria is trying to decide whether to contribute $5,000 to a traditional IRA. Complete the table to show the effect the IRA contribution would have on Maria's itemized deductions.

Answers

Her taxable income would be reduced by the $5,000 IRA contribution if she decides to make it, resulting in a lower tax liability.

Itemized Deductions Without IRA Contribution With IRA Contribution

Medical Expenses $6,000 $6,000

Casualty Loss $9,500 $9,500

Charitable Donations $6,000 $6,000

State Income Taxes $4,000 $4,000

Total $25,500 $25,500

Maria's IRA contribution would not affect her itemized deductions because IRA contributions are not deductible on Schedule A.

Instead, they are deducted from her taxable income on the front page of her tax return. Therefore, her taxable income would be reduced by the $5,000 IRA contribution if she decides to make it, resulting in a lower tax liability.

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Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors

Who are the majority of businesses in resort towns targeted to?OseniorsOtouristsOemployeesinvestors

Answers

The majority of businesses in resort towns target tourists.

Who is the luxury hotel industry's target customer?

As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.

What advantages come from forming and focusing on prospect groups?

Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.

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round 312,5 up to rand​

Answers

Answer:

313 rand

Explanation:

To round up any number, ynetraing decimal. Value is accessed if the value is less than or equal 4 , we round the value to 0 ; however, if the value is greater Than or equal to 5 ; we round up to 1 and add to the preceeding digit or value.

In this case ; 312. 5 will be rounded to 313 ;

Since th trailing digit is 5 ; we round up to 1 and add to the preceeding value ; 2 + 1 = 3

Hence, 313 rand

The _____________ Party believes the wealthiest Americans and largest businesses must pay their fair share of taxes.

Group of answer choices

Independent

Republican

Third Party

Democratic

Answers

Answer:

The Democratic Party believes the wealthiest Americans and largest businesses must pay their fair share of taxes :3

Explanation:

:3

Democratic is the correct answer

Which tab on College Navigator will give you an estimate of your total costs with your possible financial aid applied?
Financial Aid
Total Cost
Price Estimator
Net Price

Answers

The answer is Price estimator

Which of the following recruitment step is demonstrated by placing an ad
within the classifieds section of a newspaper?
A. Determine availability of qualified candidates
B. Post job and implement recruitment plan
C. Develop position description
D. Identify open positions and evaluate need

Answers

Answer:

D

Explanation:

One of the purposes of studying economics is to understand the

Answers

Answer:

Individuals, businesses and governments are all faced with making choices in situations where resources are scarce. This is where a knowledge of Economics is vital. Economics applies to most aspects of everyday life. By studying Economics you will examine topics of obvious importance to human well-being.

Explanation:

Answer:

D: principles that influence the production of goods and services.

Explanation:

on edge! hope this helps!!~ (゜▽゜;)

Which motion asks the court to rule there are no genuine issues of material
fact?
A. Motion for Summary Judgment
B. Motion for Deposition
C. Motion for Production of Documents
D. Motion for Admissions

Answers

Answer: A. Motion for Summary Judgment

Answer:

A. Motion for Summary Judgment

The most common runway width planned to accommodate commercial service air carrier operations is? a. 75 feet b. 100 feet c. 150 feet d. 200 feet.

Answers

The most common runway width planned to accommodate commercial service air carrier operations is "150 feet."

The width of a runway plays a crucial role in determining its suitability for accommodating commercial service air carrier operations. Among the options provided, a runway width of 150 feet is the most common choice for such operations.

The Federal Aviation Administration (FAA) provides guidelines and standards for runway design and dimensions to ensure safe and efficient air traffic operations. According to these guidelines, a runway width of 150 feet is generally recommended for runways that accommodate commercial service air carrier operations.

The width of 150 feet allows for the safe landing and takeoff of larger commercial aircraft commonly used by air carriers. It provides sufficient space for aircraft maneuvering, including the safe clearance of wingtips and the ability to handle crosswinds. Additionally, the wider runway width offers better operational flexibility and enhances safety margins for aircraft operations.

It's important to note that there can be variations in runway width based on specific airport requirements, geographical constraints, or specific aircraft types operating at a particular airport. However, the most common and widely adopted standard width for runways accommodating commercial service air carriers is 150 feet.

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Which accounting concept is used in each of the following accounting treatment?

The cost of a tape dispenser has been charged to an expense account, although in fact it could still be in use in ten years’ time.
A sole proprietor has sold his private house, but has not recorded anything about it in the business records.
A debt has been written off as a bad debt even though there is still a chance that the debtor eventually may be able to pay it.
A machine has been bought for an exceedingly low figure,and it has been entered in the asset account at that figure even though it is worth more.
A motor van broke down in December , 2017. The repair bill for it was not until 2018 yet it has been treated as a 2017 expense.

Answers

The accounting concepts that provide guidance for recording the following business events are as follows.  The business transactions are numbered from (a) to (e) below:

1) Materiality Concept is applied because the impact of the cost of the tape dispenser being "expensed" is not significant on the reader of the financial statement.

2) Entity Concept requires separation between the finances of the owner from the finances of the business.  The business is a separate economic unit distinct from the sole proprietor.

3) Prudence Concept demands that expenses (like the bad debt written off) and liabilities are not underestimated and revenues and assets should not be overestimated.

4) Historical Cost Concept: Generally accepted accounting principles require the initial recognition of an asset at its purchase cost and not fair value.

5) Accrual Concept and Matching Principle: The accrual concept requires that expenses that have been incurred for a period should be accounted for in that period, whether cash payment is made or not.  The matching principle states that expenses (Van Repair Expense) should be matched to the revenue that they generate.

Thus, accounting concepts are the basic assumptions, rule, and principles for recording business transactions and events and preparing accounts and financial statements.

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In a box on the top shelf of the cabinet -3 in the hallway of the house. This sentence * is(1 )incorrect because there is an extrasubjectincorrect because there is an extra verbincorrect because there is a missing subjectincorrect because there are a missing subject and a missing verb Which component of emotional intelligence (EI) involves awareness of cultural and ethnic differences?A) self-awarenessB) empathyC) social skillsD) self-regulation What is one of the most important requirements for a balanced diet?A. Eat a variety of foods.B. Eat three meals a day.C. Eat only home-cooked foods.D. Eat only low calorie foods. A bag contains 170 marbles. There are red, blue and yellow marbles in a ratio of 9:3:5. How many yellow marbles does the bag contain? phosphoric acid reacts with water to yield dihydrogen phosphate ions and hydronium ions: h3po4 h2oh2po4 h3o identify the conjugate acid-base pairs. I need help with these math problems, im not really good at math. im gonna be asking more questions cause i really need help with this work. Due to a conflict among your colleagues, the climate in your department is rather tense. You are not involved in the conflict. However, you feel disturbed in your work. The attempt of one of your colleagues to reconcile the conflict was not appreciated. What would you do? jane depends on cigarettes to relieve stress, though she smokes so frequently that she experiences no significant, noticeable physical symptoms when she is not smoking. what type of dependence does this exemplify? Sam earns $912 each week working his full time job. His employer has a 13.6% tax deduction on all monies earned each week. Calculate the tax deduction Sam paid for that week. Sam earns $ 912 each week working his full time job . His employer has a 13.6 % tax deduction on all monies earned each week . Calculate the tax deduction Sam paid for that week . 4) ** Identify the domain and range of the following functions: X -5 -3 y 2 1 0 - 1 -3 1 Domain Domain: Domain: Range: Range: A check-cashing service found that approximately 5% of all checks submitted to the service were bad. After instituting a check-verification system to reduce its losses, the service found that only 45 checks were bad in a random sample of 1124 that were cashed. Does sufficient evidence exist to affirm that the check-verification system reduced the proportion of bad checks? What attained significance level is associated with the test? What would you conclude at the \alpha = .01level? Which statement best describes the differences in species diversity between an ecosystem beginning the process of primary succession and one beginning the process of secondary succession?. Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 3.30 trillion of rupees. Individuals consume: 9.50 trillions of rupees. Individuals save: 5.44 trillions of rupees. Businesses invest: 1.20 trillions of rupees. Foreigners spend: 0.50 trillions of rupees to purchase Pakistani firms. Pakistan imports: 2.13 trillions of rupees. Pakistan exports: 1.40 trillions of rupees. Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals. which state was the main destination of american indians forced to relocate as part of the trail of tears? A rectangle has an area of 18cmthe lengths of the sides are whole numbers.how long could the sides of the rectangle be?give all the examples you can think of. Clostridium tetani is a bacterium that can be found in soil. It causes the infection tetanus. Chrildren are vaccinated against tetanus.Explain why these children do not get tetanus if the bacteria enters their body through a cut in the skin. The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 20Y9, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 20Y9 Adjusted Trial Balance Account Title Dr. Cr. Cash $17,700 Accounts Receivable 38,530 Supplies 6,020 Prepaid Insurance 13,000 Land 137,000 Buildings 493,000 Accumulated Depreciation-Buildings 160,400 Equipment 356,000 Accumulated Depreciation-Equipment 208,900 Accounts Payable 45,570 Salaries Payable 4,520 Unearned Rent 2,050 Common Stock 205,000 Retained Earnings 380,780 Dividends 34,200 Service Fees 649,860 Rent Revenue 6,860 Salaries Expense 465,890 Depreciation Expense-Equipment 25,300 Rent Expense 21,200 Supplies Expense 14,990 Utilities Expense 13,550 Depreciation Expense-Buildings 9,030 Repairs Expense 7,460 Insurance Expense 4,090 Miscellaneous Expense 6,980 1,663,940 1,663,940Required:1. Prepare an income statement.Prepare a statement of owner's equity (no additional investments were made during the year.)Prepare a balance sheet.2. Journalize the entries that were required to close the accounts at October 31. For a compound transaction, if an amount box does not require an entry, leave it blank.3. If the balance of Nicole Gorman, Capital had instead increased $115,000 after the closing entries were posted and the withdrawals remained the same, what would have been the amount of net income or net loss? businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior? Think about what situation in society favors the emergence of totalitarianism? (ie what social events lead to the people wanting to overthrow democracy and kneel to totalitarian authorities?) Think about what, in your opinion, would be a "cure" against the emergence of totalitarianism in our society and time? The scatterplot shows the recommended dosage of Vitamin D throughout the life of a person. Which equation best represents the line of best fit?A)y = 1/5 xB)y = 1/5 x + 2C)y = 2/5x 2D)y = 1/5x + 2