A bond will pay $5,000 at maturity in 9 years. It also makes semiannual interest payments of $400 until
maturity. If the discount rate is 7% compounded semiannually, what should be the market price of the bond?
What will be an ideal response?
$7,967.68
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Pan Services, Inc. owns 32% of voting stock of Grey Investments, Inc. During the year 2017, Grey Investments, Inc. earned profits of $320,000. Under the equity method, which of the following journal entries will Pan Services record?
A) Long-term Investments-Grey Investments, Inc. 320,000 Cash 320,000 B) Cash 102,400 Dividend Revenue 102,400 C) Cash 102,400 Long-term Investments-Grey Investments, Inc. 102,400 D) Long-term Investments-Grey Investments, Inc. 102,400 Revenue from Investments 102,400
The consumer is typically required to make a purchase when entering a sweepstakes
Indicate whether the statement is true or false