by Dan | May 20, 2023 | finance
A company purchases a delivery van by paying $5,000 cash and by signing a $25,000 note payable. Which of the following correctly describes the recording of the delivery van purchase?
by Dan | May 20, 2023 | finance
The Pioneer Company has provided the following account balances: Cash $38,000; Short-term investments $4,000; Accounts receivable $48,000; Supplies $6,000; Long-term notes receivable $2,000; Equipment $96,000; Factory Building $180,000; Intangible assets...
by Dan | May 20, 2023 | finance
Nike, Inc., with headquarters in Beaverton, Oregon, is one of the world’s leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value. a. Purchased...
by Dan | May 17, 2023 | finance
2.8 Suppose that the interest rate on a one-year Treasury bill is currently 1% and that investors expect that the interest rates on one-year Treasury bills over the next three years will be 2%, 3%, and 2%. Use the expectations theory to calculate the current...
by Dan | May 17, 2023 | finance
2.6 Suppose that you want to invest for three years to earn the highest possible return. You have three options: (a) Roll over three one-year bonds, which pay interest rates of 8% in the first year, 11% in the second year, and 7% in the third year; (b) buy a...
by Dan | May 17, 2023 | finance
1.12 [Related to the Apply the Concept: “Do Credit Rating Agencies Have a Conflict of Interest?”] According to an article in the Wall Street Journal, “Investors are skeptical of some of the [bond] ratings. More than $100 billion worth of bonds trade with yields...
