PERT, but not CPM, has the ability to consider the precedence relationships in a project. True False

Jones Company issued $500,000 of 5%, 10-year bonds payable at a price of 92. The market interest rate on the date of issuance wa

Daniel [21]

Answer:

Date Account Title Debit Credit

XX-XX-XXXX Interest expense $13,800

Discount on bond payable $1,300

Cash $12,500

Working

The bonds were issued at a price of 92 which means they were issued at:

= 500,000 * 96/100

= $460,000

Interest expense

= Issue price * interest rate * 6/12 months

= 460,000 * 6% * 6/12

= $13,800

Cash:

= Bond price * coupon rate * 6/12

= 500,000 * 5% * 6/12

= $12,500

5 0

3 years ago

The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $142

Damm [24]

Answer:

1. $4,400 Favorable

2. $14,000 Unfavorable

3. $9,600 Unfavorable

Explanation:

The computation of given question is shown below:-

1. Variable factory overhead Controllable Variance

= $142,600 - 6,000 × 24.5

= $142,600 - $147,000

= -$4,400

= $4,400 Favorable

Where, 24.5 = standard rate - fixed overhead rate

= $28 - $3.5

= $24.5

2. Fixed factory overhead volume variance

= $35,000 - 6,000 × $3.5

= $35,000 - $21,000

= $14,000 Unfavorable

3. Total factory overhead cost variance

= ($142,600 + $35,000) - (6,000 × $28)

= $177,600 - $168,000

= $9,600 Unfavorable

5 0

3 years ago

The Affordable Care Act provides that individuals and families may take a tax credit called the ______ to help them purchase hea

scZoUnD [109]

The Affordable Care Act provides that individuals and families may take a tax credit called the <em>Health Insurance Premium Tax Credit </em>to help them purchase health insurance.

<h3>What is Affordable Care Act? </h3>

The Affordable Care Act was enacted to reduce the cost of health insurance coverage for people who qualify for it.

The law of the Affordable Care Act make provision for premium tax credits and cost-sharing reductions to help the lower-income group.

Hence, the Act provides that individuals and families may take a tax credit called the <em>Health Insurance Premium Tax Credit </em>to help them purchase health insurance through a health insurance exchange.

Therefore, the Option C is correct.

Read more about Affordable Care Act

<em>brainly.com/question/15003073</em>

7 0

2 years ago

Turrubiates Corporation makes a product that uses a material with the following standards: Standard quantity 7.6 liters per unit

frosja888 [35]

Answer:

Direct material quantity variance= $1,260 unfavorable

Explanation:

Giving the following information:

Standard quantity of 7.6 liters per unit

Standard price $ 2.10 per liter

The company budgeted for production of 3,400 units.

The actual production was 3,500 units.

The company used 27,200 liters of direct material to produce this output.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 3,500 units* 7.6= 26,600

Direct material quantity variance= (26,600 - 27,200)*2.1= $1,260 unfavorable

<u>It is unfavorable because the company used more material than estimated to produce 3,500 units.</u>

6 0

3 years ago

You wish to sell short 100 shares of XYZ corporation stock. If the last two transactions were at $34.10 followed by $34.15, you

yan [13]

Answer: b. 34.15 or higher

Explanation:

Short sales refer to the sale of borrowed stocks in anticipation that the stock price of the underlying stock will fall. This will then enable you to make a profit by buying the cheaper shares and giving it back to the entity you borrowed from thereby making a profit.

With short sales, the price is usually upward trending so will normally increase from the last price. As the last price here was $34.15, that would be the likely minimum for the next sale.

This means that the next sale will either be at a price of $34.15 or a price higher than that.

6 0

2 years ago