Answer:
0.00573
Explanation:
Today's bond cost is $99.43
The bond's value at the year's end is $100
The difference calculates to: $100 - $99.43 = $0.57
This amount of $0.57 indicates the bond's yield. Therefore, the yearly yield is computed as $0.57/$99.43 = 0.00573
This yield represents the one-year discount rate applicable for a future value of $100, where its present value is $99.43.
Final Answer
0.00573
The adjusting entry to be made at the end of the accounting period includes a debit to Unearned revenue of $500 and a credit to Revenue for the same amount. According to the accrual accounting technique, revenues are recorded at the time of the transaction rather than when the payment is received. After receiving $800 in advance services, with $300 worth of services outstanding, the service amount performed amounts to $800 - $300 = $500.
Yes, it makes financial sense because few families utilized her early hours.
Answer:
DeShawn should not continue offering the engine detailing service
Explanation:
Given data
Cost = $40
Charge = $75
Total price = $90
Additional charges amount to $20
To determine
Whether DeShawn should proceed with the offer
Solution
Here, we know DeShawn's marginal benefit is Marginal benefit = total price - charge
Marginal benefit = 90 - 75
Marginal benefit = $15
Given that the additional charge is $20
Thus,
the marginal cost exceeds the marginal revenue
Hence, DeShawn should not continue the engine detailing service
Answer:
the right response is
A. You appreciate the opportunity and would be delighted to set up an appointment with anyone who requests it.
good luck
