keshewar4427

10.04.2020 • 

Business

On October 1, 2022, Blossom Company establishes a petty cash fund by issuing a check for $290 to Nancy Jackson, the custodian of the petty cash fund. On October 31, 2022, Nancy Jackson submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is $50 cash in the fund: $100 Freight-in Supplies Expense Entertainment of Clients Postage Expense 62 43 Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

Ответ:

monicagalarza

16.02.2022

Business

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4. At least 2.75%, but less than 3.25%

Explanation:

missing options:

Less than 1.75% At least 1.75%, but less than 2.25% At least 2.25%, but less than 2.75% At least 2.75%, but less than 3.25% 3.25% or more

i⁽²⁾ = approximate YTM = {2 + [(100 - 117.50)/50]} / [(100 + 117.50)/2] = 1.65 / 108.75 = 1.517% x 2, annual rate = 3.03%

i⁽²⁾ = approximate YTM = {2.50 + [(100 - 135)/50]} / [(100 + 135)/2] = 1.80 / 117.50 = 1.532% x 2, annual rate = 3.06%

Since both YTMs are very similar, we can determine that i⁽²⁾ is approximately 3%, maybe a little less or a little more, since we are using the approximate yield to maturity formula.

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