Answer:
B) As a gain on retirement of the bonds
Explanation:
A corporation should record a gain on retirement of bonds when it buys back bonds that it has issued before at a lower price than the recorded liability (par value).
Since the parent company consolidated its financial records with the subsidiary, any bond issued by the subsidiary is considered as being issued by the parent company.
Answer:
D. The number of employees of an insurance company.
Explanation:
The variable that measures the numbers such as height, number of people, shoe sizes is called the discrete quantitative variable. Therefore, option "D" is the answer. Anyone can measure the number of employees. It is not continuous process too.
The volume of water cannot be measured with a specific value, and the Dow Jones Industrial average is not a certain value. So, those options are incorrect either. Although Option "C" can be measured with a value, it cannot be interrupted and continuous process. Hence, it is also wrong.
Answer:
B) 216,000
Explanation:
Effective Tax Rate =Total Tax Expenses/Taxable Income
That is, Effective Tax Rate =0.9*240,000 =216000
Answer:
Atleast $13611.7 at 8% interest rate compounded anually
Explanation:
A=P(1+r/n)^nt
A: Total amout
P: Principal amount or amount to be invested
r: interest rate
n: number of times interest is applied in a time period
t: total time period
Thlema must have atleast $20,000 after 5 years
20000=P×(1+ 0.08/1)^5
P= $ 13611.7
Answer:
JOB 593
Total cost of the job
Direct material 2,461
Direct labour (74 hrs @ $18) 1,332
Overhead applied (137 hrs x $19) <u>2,603</u>
Total cost of the job <u>6,396</u>
The correct answer is D
Explanation:
The total cost of the job is the aggregate of direct material cost, direct labour cost and overhead applied. Overhead applied is calculated as overhead application rate multiplied by actual machine hours.