quizlet Granite Company purchased a machine costing $124,160. Granite paid freight charges of $2,800. The machine requires special mounting and wiring connections costing $10,800. When installing the machine, $2,300 in damages occurred. Compute the cost recorded for this machine.

Answers

Answer 1

The cost recorded for the machine purchased by Granite Company, including original cost, freight charges, mounting/wiring connections, and damages during installation, amounts to $140,060.

To compute the cost recorded for the machine, we need to consider the original cost of the machine and any additional costs incurred during its purchase and installation.

Original cost of the machine: $124,160

Freight charges: $2,800

Mounting and wiring connections: $10,800

Damages during installation: $2,300



Total cost recorded for the machine can be calculated by adding all these costs:

Cost recorded = Original cost + Freight charges + Mounting and wiring connections + Damages during installation

            = $124,160 + $2,800 + $10,800 + $2,300

            = $140,060

Therefore, the cost recorded for this machine is $140,060.

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Related Questions

What does the Beginning Balance column in the Trial Balance View in the Prep for taxes tool indicate

Answers

The beginning balance column in the tool indicates the balance in the clients account.

What is the prep for taxes tool?

This is an online tool that helps with the reviews of the account of a client online through the help of one dashboard.

The tool is also known to have a close resemblance to the trial balance.

These kind of tools are useful to theclient for their tax preparation.

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QUICKLY PLEASE ITS TIMED!!!!
Which of the following approaches measures team performance by the team's ability to meet specific, predefined goals
O the results approach
the behaviors/process approach
the goals approach
the outcome approach

Answers

Answer:

the results approach.

Explanation:

This is because this approach emphasises on the results and outcomes produced by the team.

The approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.

What is result approach?

Result approach is a performance evaluation approach and can be defined as the type of approach that is used to determine a person perfomance based on the outcome of their tasks.

Most companies tend to make use of result approach to know how well an employee perform on the tasks they are assigned especially when the employee meet or achieved the set goals.

Therefore  the approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.

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If the economy self-corrects from a recessionary gap, in the AD/AS graph the equilibrium would move down,
right up, left up,
right Odown, left Question 6 1 pts Japan is a top-10 trading partner of the U.S., both in terms of exports and imports. Assume that as of this moment in time 1 US dollar (USD) = 115.37 Japanese yen (JPY), and that six months from now the exchange rate is 1 USD = 117.66 JPY. Which of the following statements is correct?
O The dollar will have depreciated, and U.S. net exports will decrease.
O The dollar will have appreciated, and U.S. net exports will increase. O The dollar will have depreciated, and U.S. net exports will increase. OThe dollar will have appreciated, and U.S. net exports will decrease.

Answers

If the economy self-corrects from a recessionary gap, in the AD/AS graph, the equilibrium would move right up. The correct option is Right up. The recessionary gap arises when aggregate demand (AD) is less than aggregate supply (AS). This indicates that companies produce more goods and services than consumers can consume.

As a result, the cost of goods and services falls. This leads to a reduction in the costs of production, and producers' profits decline. Companies, therefore, lay off employees to increase profits. As the employees lose their jobs, they have less money to spend, which means that aggregate demand decreases even more. In response to the recessionary gap, the government would pursue expansionary policies to increase aggregate demand.

This leads to the equilibrium moving from its initial position towards the long-run equilibrium. The long-run equilibrium is where the economy produces goods and services that consumers can consume. The equilibrium would, therefore, move to the right in the AD/AS graph. Hence, the correct option is Right up.

Six months from now, if the exchange rate is 1 USD = 117.66 JPY, the dollar will have appreciated, and U.S. net exports will decrease. The correct option is The dollar will have appreciated, and U.S. net exports will decrease. When a currency appreciates, its value in foreign currency increases. This means that imports become cheaper, and exports become more expensive. As a result, U.S. net exports will decrease.

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Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?

Answers

Answer:

Price of stock = $74.636

Explanation:

The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.  

The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity

Present value of dividend  from year 1 to 8

The PV of the growing annuity  = A/r-g) ( 1- (1+g)/(1+r)^n   )

A- dividend payable now , r- required of return, g-growth rate, number of years

PV  = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605

PV of Dividend from year 9 and beyond:

P = D× g/(r-g)

This will be done in two steps:

Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250

Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030

Price of stock = 17.60 +  57.030= 74.63

Price of stock = $74.636

When a firm launches a new brand in a product category where it already has other brands, which of the following is TRUE:

Group of answer choices

This is a line extension strategy

Customers will likely prefer this because it will offer them new price alternatives

This is a brand extension strategy

The brands are definitely not going to cannibalize each other

Competitors will likely launch their own extensions

Answers

The most accurate statement among the options provided is that when a firm launches a new brand in a product category where it already has other brands, it is likely to be a brand extension strategy

1. This is a line extension strategy: A line extension strategy refers to introducing a new product within an existing product line. In this case, if the firm is launching a new brand within a product category where it already has other brands, it could be considered a line extension strategy.


2. Customers will likely prefer this because it will offer them new price alternatives: It is difficult to determine customers' preferences without further information. While offering new price alternatives can be appealing to some customers, it may not be the sole determining factor.

3. This is a brand extension strategy: A brand extension strategy involves leveraging an existing brand to introduce a new product or enter a new market segment. If the firm is launching a new brand in a product category where it already has other brands, it is more likely to be a brand extension strategy.


4. The brands are definitely not going to cannibalize each other: It is challenging to definitively say whether the brands will cannibalize each other without additional information. Cannibalization occurs when a new product or brand eats into the sales of an existing product or brand within the same company.


5. Competitors will likely launch their own extensions: The actions of competitors cannot be predicted with certainty. However, in a competitive market, it is common for competitors to respond to the introduction of a new brand or product extension by launching their own extensions.

In summary, the most accurate statement among the options provided is that when a firm launches a new brand in a product category where it already has other brands, it is likely to be a brand extension strategy.

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are primarily administrators who deal directly with the warden on custodial issues.

Answers

Main answer: The individuals who are primarily administrators and deal directly with the warden on custodial issues are called correctional officers.

Explanation: Correctional officers are responsible for overseeing and supervising inmates in correctional facilities. They ensure the safety and security of the facility and inmates while enforcing rules and regulations.Long answer in 100 words: Correctional officers are the primary administrators who deal directly with the warden on custodial issues. They are responsible for supervising inmates in correctional facilities and ensuring the safety and security of the facility and inmates while enforcing rules and regulations.

Correctional officers have a range of duties, including maintaining order within the prison, supervising inmate activities, and ensuring that inmates are treated with respect and dignity. They also monitor inmate behavior and work to prevent incidents of violence or misconduct. Overall, correctional officers are an essential part of the criminal justice system, and they play a crucial role in maintaining safety and security within correctional facilities.

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True or False When evaluating the choice you made you should never second guess your decision? Pls help

Answers

Answer:

False. When you want to make a decision, you have to think about the consequences. Good or bad? Will it affect someone mentally?  Will it help you in the future? It's about the consequences.

Explanation:

Bid-Ask Spread and Cross-Rates.

Next summer, you and your sister, Jenny, plan to participate in the "Study Abroad" program. You plan to go to Sydney, Australia and Jenny will visit Tokyo, Japan. Each of you must transfer your USD 1,000 to the respective foreign currency. Here is the market data: (AUD and JPY mean the Australian dollar and the Japanese yen, respectively.)

AUDUSD spot rate: market quote bid and ask are 0.6550 / 0.6555.

USDJPY spot rate: market quote bid and ask are: 142.80 / 143.20.

Questions:

a. What is the exchange rate that you use to buy the AUD? What is your bid-ask spread in percentage? How much AUD do you get when you convert your USD 1,000?

b. What is the exchange rate that Jenny uses to buy the JPY? What is her bid-ask spread in percentage? How much JPY does Jenny get when she converts her USD 1,000?

c. What are the AUDJPY cross-exchange bid and ask rates, assuming there is no transaction cost and the liquidity is very similar? (make sure you use the correct bid or ask rate) What is the bid-ask spread in percentage for AUDJPY? If you convert the AUD, which you got in part a, to the JPY using the AUDJPY

Answers

The amount of JPY received when the AUD is converted using AUDJPY = 2,996.68 JPY.

a. Exchange rate to buy AUD:

Ask rate = 0.6555 (Because we are buying AUD with USD)

Bid-Ask Spread = Ask rate - Bid rate / Ask rate x 100% = 0.6555 - 0.6550 / 0.6555 x 100% = 0.076%

Amount of AUD received = (USD 1,000) x (0.6555 AUD/USD) = 655.5 AUD

b. Exchange rate to buy JPY:

Bid rate = 142.80 (Because we are selling USD to get JPY)

Bid-Ask Spread = Ask rate - Bid rate / Bid rate x 100% = 143.20 - 142.80 / 142.80 x 100% = 0.280%

Amount of JPY received = (USD 1,000) x (1 JPY / 142.80 USD) = 7,008.90 JPY

c. AUDJPY cross-exchange bid and ask rates:

Bid rate = AUDUSD Bid rate / USDJPY Ask rate = 0.6550 / 143.20 = 0.00457

Ask rate = AUDUSD Ask rate / USDJPY Bid rate = 0.6555 / 142.80 = 0.00459

Bid-Ask Spread = Ask rate - Bid rate / Bid rate x 100% = 0.00457 - 0.00459 / 0.00459 x 100% = -0.44%

Note: The negative sign indicates that the cross-rate is not in equilibrium, and this is due to the bid-ask spreads for the AUDUSD and USDJPY rates. Therefore, an arbitrage opportunity exists.

The amount of JPY received when the AUD is converted using AUDJPY = (655.5 AUD) x (0.00457 JPY/AUD) = 2,996.68 JPY.

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According to the article, how can you guarantee that your talk or speech will be interesting to your audience? Is this good advice? Why or why not? Justify your response.

Answers

Answer:

7 c's of communication

Explanation:

Talk or speech needs to be interesting for audience, to attain the desired goal of communication.

The public communication would be effective & interesting ; if it satisfies 7 c's of communication - Clear, Concise, Correct, Coherent, Complete, Courteous, Considerate.

Communication not satisfying one or many of above C's is likely to be ineffective &, or uninteresting for audience

asset w has an expected return of 17.2 percent and a beta of 1.80. if the risk-free rate is 2.4 percent, what is the market risk premium?Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

Answers

We can use the Capital Asset Pricing Model (CAPM) to calculate the market risk premium (MRP). The formula for CAPM is:

r_a = r_f + β_a (r_m - r_f)

Where:

r_a = expected return on asset a

r_f = risk-free rate

β_a = beta of asset a

r_m = expected return on the market

Rearranging this formula, we can solve for the market risk premium:

r_m - r_f = (r_a - r_f) / β_a

Plugging in the values given in the problem, we get:

r_a = 17.2%

β_a = 1.80

r_f = 2.4%

r_m - r_f = (r_a - r_f) / β_a

r_m - 2.4% = (17.2% - 2.4%) / 1.80

r_m - 2.4% = 8.44%

Adding 2.4% to both sides, we get:

r_m = 10.84%

Therefore, the market risk premium is 8.44%, rounded to 2 decimal places.

When you order a sweater from an l.l.bean mail-order catalog, what type of marketing channel are you and the company using?
A. Cash and carry marketing channel
B. Intensive distribution channel
C. Selective distribution channel
D. Indirect marketing channel
E. Direct marketing channel function.

Answers

(E) Direct marketing channel function type of marketing channel are you and the company using.

What is Direct marketing?

The act of presenting an offer directly to a target client and providing them with a way to respond immediately is known as direct marketing. It is sometimes referred to as direct response marketing among practitioners. Advertising, in contrast, is a form of mass messaging. Toll-free phone numbers, reply cards, envelope-mailable reply forms, websites, and email addresses are all examples of response methods. The CAN-SPAM Act mandates that customers in the United States be given the option to opt-out due to the ubiquity of direct marketing and the unwanted nature of some communications. Based on vendor-defined criteria, such as the average income for a specific ZIP code, purchase history, and inclusion on other lists, intended targets are chosen from wider groups.

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Por que se dice que emprender suele ser una decisión muy difícil quien la toma sabe que esta renunciando a la estabilidad que otorga un salario

Answers

Answer:

porque se dice que quiero tomar el siguiente

Over 50% of Americans have no long-term savings. Why do you think it's so
difficult for so many people to save money? Explain your opinion.

Answers

Answer:

because they cant stop spending money

Explanation:

money is money

Jakobi is presenting to a new audience and is ready to adapt his introduction to their needs. Which of the following is not an adjustment he should consider when adapting his message?
A. Using different technology based on what is available
B. Including more background information
C. Changing his language to reflect his new purpose
D. Determining what his original audience was like

Answers

Option D : determining what his original audience was like is the adjustment that Jakobi should not consider when adapting his message.

Why Jakobi adapt his message ?

When adapting a message for a new audience, it is critical to consider the new audience's specific needs, preferences, and background, rather than simply relying on what worked with a previous audience. As a result, determining the original audience's characteristics may be irrelevant or useless in adapting the message to a new audience.

Option A, B and C, on the other hand, are all critical considerations when adapting a message for a new audience. Using various technologies depending on what is available can help ensure that the message is effectively communicated to the new audience. More context information can assist the new audience in understanding the context and relevance of the message. Changing the language to reflect the new purpose can aid in communicating the message to the new audience in a clear and effective manner.

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When you ee omeone dreed in very dark clothing with piky hair and eyeliner, you infer that thi peron i into emo punk rock. Your impreion i baed on which et of cue

Answers

Such a perception is formed as a result of socio-cultural cues. Usually dark clothing, spiky hair and eyeliner are associated with emo-punk rock.

We formulate perception by various cues. Perception is the  ability to process cues and reach a meaningful data or interpretation. These cues are formed due to different life experiences. Visual cues, olfactory cues, environmental cues, social cues etc.

When we saw someone and form a perception about them according to how they dress and behave is called socio-cultural cues. Some dresses or makeup or hairstyles are associated with some people. It may be to a religion or a region or a lifestyle or an art form etc.

Here the cues were the dressing , fashion and hairstyles which are normally associated with emo-punk rock music. So this is based on socio-cultural cues.

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The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.

T or F

Answers

f........................,......

If the economy is in long run equilibrium with 6% inflation and 3% economic growth, and the federal reserve permanently decreases the rate of money supply growth, the long run result will be?.

Answers

An inflation rate less than 6%, and economic growth rate of 3%.

How does low inflation lead to economic growth?Because the price level growth rate is simply another term for the inflation rate, the inflation rate must fall.Increased economic growth means more products for money to "chase," putting downward pressure on the inflation rate. The lower the inflation rate, the greater are the productive effects of a reduction.Economic growth is assessed by the rate of increase in national income, deflated by the cost of living index.National income was deflated in constant prices by the population indices to account for population growth. Low inflation usually indicates that demand for products and services is lower than it should be, which slows economic growth and lowers wages.This poor demand can even cause a recession with increased unemployment, as we witnessed during the Great Recession a decade ago.

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PLEASE HELP ME!!!!

Agricultural managers need to
possess which of the following
skills?

A. The ability to start a business from scratch.

B. Understanding of the different kinds of
economies in the world.

C. Vast knowledge of equipment, shipping and
storage of products.

D. A masters degree in business administration.

Answers

Answer:

C. Vast knowledge of equipment, shipping andstorage of products.

Explanation:

the other answer is wrong, i j did this in my acellus

Locate an online tool/app or download a budget template from the Internet and practice creating a budget for yourself. Remember to follow the budgeting steps. How did you do? When done, answer the following questions: (1) Are there any ways to increase your income? For example, selling items you no longer use? (2) Are there ways to further reduce expenses each month? (3) What are your savings goals per month?

Answers

Answer:

Hope it helps

Explanation:

Step 1: Note your net income

The first step in creating a budget is to identify the amount of money you have coming in. Keep in mind, however, that it’s easy to overestimate what you can afford if you think of your total salary as what you have to spend. Remember to subtract your deductions for Social Security, taxes, 401(k) and flexible spending account allocations when creating a budget worksheet. Your final take-home pay is called net income, and that is the number you should use when creating a budget.

If you work freelance or part-time, we’ve put together some tips for managing irregular income.

Tip: If you have a hobby or a talent, you may be able to find a way to supplement your income. Having an extra source of income can also be helpful if you ever lose your job.

Step 2: Track your spending

It’s helpful to keep track of and categorize your spending so you know where you can make adjustments. Doing so will help you identify what you are spending the most money on and where it might be easiest to cut back.

Begin by listing all your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities or car payments. It’s unlikely you’ll be able to cut back on these, but knowing how much of your monthly income they take up can be helpful.

Next list all your variable expenses—those that may change from month to month such as groceries, gas and entertainment. This is an area where you might find opportunities to cut back. Credit card and bank statements are a good place to start since they often itemize or categorize your monthly expenditures.

Tip: Record your daily spending with anything that’s handy—a pen and paper, an app or your smartphone. You can use this spending and budgeting tool if you have an account with Bank of America.

Step 3: Set your goals

Before you start sifting through the information you’ve tracked, make a list of all the financial goals you want to accomplish in the short-and long-term. Short-term goals should take no longer than a year to achieve. Long-term goals, such as saving for retirement or your child’s education, may take years to reach. Remember, your goals don’t have to be set in stone, but identifying your priorities before you start planning a budget will help. For example, it may be easier to cut spending if you know your short-term goal is to reduce credit card debt.

Step 4: Make a plan

Use the variable and fixed expenses you compiled to help you get a sense of what you’ll spend in the coming months. With your fixed expenses, you can predict fairly accurately how much you’ll have to budget for. Use your past spending habits as a guide when trying to predict your variable expenses.

You might choose to break down your expenses even further, between things you need to have and things you want to have. For instance, if you drive to work every day, gasoline probably counts as a need. A monthly music subscription, however, may count as a want. This difference becomes important when it’s time to make adjustments.

Step 5: Adjust your habits if necessary

Once you’ve done all this, you have what you need to complete your budget. Having documented your income and spending, you can start to see where you have money left over or where you can cut back so that you have money to put toward your goals.

Want-to-have expenses are the first area to look for spending cuts. Can you skip movie night in favor of a movie at home? Try adjusting the numbers you’ve tracked to see how much money that frees up. If you’ve already adjusted your spending on wants, evaluate your spending on needs. You may need internet at home, but do you need the fastest available?

Lastly, if the numbers still aren’t adding up, you can look at adjusting your fixed expenses. Doing so will be much more difficult and require greater discipline, but on close inspection a “need” may just be a “hard to part with.” Such decisions come with big trade-offs, so make sure you carefully weigh your options.

Tip: Small savings can add up to a lot of money, so don’t overlook the little stuff. You might be surprised at how much extra money you accumulate by making one minor adjustment at a time.

Step 6: Keep checking in

It’s important that you review your budget on a regular basis to be sure you are staying on track. You can also compare your monthly expenses to those of people similar to you. Few elements of your budget are set in stone: You may get a raise, your expenses may increase or you may have reached your goal and want to plan for a new one. Whatever the reason, keep checking in with your budget following the steps above.

c only has two visibility modifiers: public and private group of answer choices true false

Answers

The statement is false. In most programming languages, including Java, C#, and C++, there are more than two visibility modifiers available. The common visibility modifiers in these languages include:

1. Public: This modifier allows the member to be accessed from any part of the program.

2. Private: This modifier restricts the member's accessibility to the class where it is defined.

3. Protected: This modifier allows access to the member within the class where it is defined and its subclasses.

4. Internal (C#)/Package-private (Java): This modifier allows access to the member within the same assembly (C#) or package (Java).

5. Protected Internal (C#): This modifier allows access to the member within the same assembly or its subclasses.

These modifiers provide different levels of visibility and encapsulation for class members, allowing for better control and organization of code.

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Under the allowance method, companies estimate _____ uncollectible amounts and report those estimates in the _____ year.Multiple choice question.future; currentcurrent; futurefuture; futurecurrent; current

Answers

Answer: current and future

Under the allowance method, companies must estimate future, uncollectible amounts and report those estimates in the current year.

The missing words are Future and Current.

What is the Allowance Method?

Under the Allowance Method, companies set aside a reserve that is estimated, for bad debts that are anticipated in the future.

This method is typical of the accrual basis of accounting and is the most accepted method for recording uncollected accounts for financial accounting purposes.

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identify the reports that accompany the financial statements of public entities and non public entities.

Answers

The reports that accompany the financial statements of public entities typically include the Management's Discussion and Analysis (MD&A), Auditor's Report, and Supplementary Information. For non-public entities, the reports may include Management's Report, Auditor's Report, and Footnotes to the Financial Statements.

Public Entities:

1. Annual Report: Public entities typically prepare an annual report that includes financial statements, management's discussion and analysis, auditors' report, and other relevant information. The annual report provides comprehensive information about the entity's financial performance, operations, and outlook.
2. Form 10-K: Public entities in the United States are required to file a Form 10-K with the Securities and Exchange Commission (SEC). The Form 10-K includes audited financial statements, management's discussion and analysis, and other disclosures required by SEC regulations.
3. Proxy Statement: Public entities often issue a proxy statement to shareholders in connection with annual meetings. The proxy statement includes financial statements, information about board members and executive compensation, and proposals for shareholder voting.

Non-Public Entities:
1. Financial Statements: Non-public entities prepare financial statements, including the balance sheet, income statement, and statement of cash flows. These statements provide a snapshot of the entity's financial position, results of operations, and cash flows.
2. Notes to the Financial Statements: Non-public entities typically include detailed notes that provide additional information and explanations related to the financial statements. The notes help users understand the accounting policies, significant transactions, contingencies, and other relevant details.
3. Management Report: Non-public entities may include a management report or letter accompanying the financial statements. This report provides insights into the entity's financial performance, significant events, and management's perspective on the financial results.
It's important to note that the specific reports accompanying financial statements may vary depending on the jurisdiction, reporting requirements, and entity-specific circumstances. Therefore, it's advisable to consult relevant accounting standards and regulations applicable to the specific entity and jurisdiction in question.

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Which sentence best paraphrases the passage?

Immigrants were examined for physical and mental illnesses.
A doctor’s examination was a quick process.
The doctors were from the United States Health Service.
One doctor looked for physical and mental abnormalities.

Answers

Answer:

A). Immigrants were examined for physical and mental illnesses

Explanation:

Answer:

a

Explanation:

What is a trend in business

Answers

A trend in buisness is to invest

Jesse wants to work as a public relations specialist. What academic requirements should he complete?
A.
a bachelor’s degree
B.
on-the-job training
C.
a technical program
D.
a doctorate degree
E.
high school

Answers

Answer:

A.

Explanation:

a bachelor's degree

Answer:

"A 4-year bachelor's degree in a PR-related area like journalism, marketing or communications is frequently required for entry-level positions."-Google

So the answer should be A.

Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and they want to keep two day's worth as a safety stock. How low can their stock get before they need to order more?

Answers

Answer:

55 legal pads.

Explanation:

The level at which Blackmon Brothers should order more legal pads is the re-order point.

The calculate re-order point, we require

Average daily usage

Delivery lead time

Safety stock is needed.

For Blackmon, Average daily usage will be 165 divided by 15 days

=165/15

=11 legal pads per day.

Lead time is 3 days

Formula for getting the re-order point

= (average daily usage x delivery time) + requires safety stock

For Black man

= (11 x 3)+ (11 x 2)

=33 + 22

=55 legal pads.

They should re-order when they have a balance of 55 legal pads.

Is a business plan a one time fee?

Answers

Answer:

i think so :)

Explanation:

Mark applies for a credit card using someone else's name and Social Security number. What type of fraud is this? • A. Securities fraud • B. Insurance fraud C. Identity theft D. Tax fraud

Answers

C. Identity theft. Mark's actions of using someone else's name and Social Security number to apply for a credit card constitute identity theft.  

What is Identity theft?

Credit card constitute identity theft is a type of fraud involving the unauthorized use of someone's personal information for fraudulent purposes. Securities fraud, insurance fraud, and tax fraud are different types of fraud that involve illegal activities in specific domains such as financial securities, insurance, and taxation, respectively, and are not applicable in this scenario. Identity theft is a serious crime that can result in financial loss and harm to the victim, and it is important to take steps to protect personal information and report any suspected cases of identity theft to the appropriate authorities.

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A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has (Macauley) duration of 11.54 years and convexity of 192.4. The bond currently sells at a yield to maturity of 8%. a) Find the price of the bond if ytm falls to 7% (use financial calculator or spreadsheet).

Answers

The price of the bond if the yield to maturity falls to 7%, based on the period and amount will be $1,620.45.

What is the price of the bond at 7%?

We shall assume that the bond has a face value of $1,000.

The coupon is:

= 12% x 1,000

= $120

The price is:
= (Coupon x Present value interest factor of annuity, 30 years, 7%) + Face value of bond / ( 1 + rate) ^ number of periods

= (120 x 12.409) + (1,000 / (1 + 7%)³⁰)

= $1,620.45

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On May 10, Blue Spruce Corp. issues 3,000 shares of $5 par value common stock for cash at $17 per share. Journalize the issuance of the stock.

Answers

The journal entry for the issuance of 3,000 shares of $5 par value common stock for cash at $17 per share on May 10 will be:

Cash | $51,000

Common Stock | $15,000

Paid-in Capital in Excess of Par Value | $36,000

The total amount received from the issuance of the stock is $51,000 (3,000 shares x $17 per share). The par value of the stock is $5 per share, so the common stock account is credited for $15,000 (3,000 shares x $5 par value). The difference between the total amount received and the par value of the stock is the amount of paid-in capital in excess of par value, which is $36,000 ($51,000 - $15,000).

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