Answer:
When a company uses the straight line amortization of bond premiums, the total amount of interest expense will be equal to the expense calculated using the effective interest method.
The advantage of using the straight line amortization is that it is a much simpler method. Under this method, the bond's premium is amortized over the life of the bond.
Answer:
The correct answer is letter "D": equalize hierarchical or status differences among members of a group.
Explanation:
The Nominal Group Technique (NGT) is a method of brainstorming ideas in a group that starts by having the members writing down their perceptions on certain matters to later expose them to the rest of the group. Collectively, all the group members decide which idea is the best to solve the issue they have in common.
Under those circumstances,<em> the NGT treats each of the opinions of the individuals involved equally regardless of the hierarchy they may occupy in the group.</em>
Answer:
The correct answer is option (b) $5400
Explanation:
Solution
Calculation of the cost of direct material on May 1
Now,
The starting work In process inventory = Direct materials Cost + Direct labor Cost + Manufacturing overhead applied on W.I.P
13,500 = Direct materials cost + 4500 + 3600
Thus,
Direct material cost = 13500 - 4500-3600 = $5400
Note: Direct labor cost = 300 * 15 = $ 4500
The manufacturing overhead = 300 hour * $12 = $ 3600
So, only expenses associated to work in process will be considered, hence only direct labor and manufacturing overhead are used to work in process are considered.
