A dual-currency bond is known to be a hybrid debt instrument that often has payment obligations over the life of the issue. A dual currency bond is a straight fixed-rate bond issued in one currency that pays coupon interest in that same currency.
- In dual currency bond, the borrower often makes coupon payments in one currency, but get the principal at maturity in another currency.
Its advantage is that Investors using this bonds often gets higher coupon payments than straight bonds etc.
Straight fixed-rate bond issues often have a Known maturity date where the principal of the bond issue is said to be repaid.
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Market failure occurs when a free market is unable to A) distribute resources efficiently.
<span>The answer is 'scanning the environment'.
Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats.</span>
Answer with its Explanation:
Transaction 1: The purchase of equipment is increase in the fixed assets and as the amount paid is in cash, the decrease in cash asset will also be with the same amount. This means the net effect on assets will be zero.
Accounting Equation is given as under:
Fixed Assets + Current Asset = Equity + Liability
Equipment 318,770 - Cash $318,770 = Zero Net Effect
Transaction 2: The increase in the equity will increase the current asset as well here, which means:
Fixed Assets + Current Asset = Equity + Liability
Current Assets + $139,050 = Issued common stock + $139,050
Transaction 3: The purchase of inventory on account means that the current asset would be increased and the payables will increase with the same amount. The effect on the accounting equation is given as under:
Fixed Assets + Current Asset = Equity + Liability
Current Asset + $70,94 = Current liabilities + $70,940