Answer:
The price of the bonds is $ 1,276.
Explanation:
The value of bond or issue price can be calculated by discounting all future cash flow using effective rate of retun. Detail calculations are given below.
Future Value = Redemption present value (RPV) + Present value of interest (PVI)
RPV = 1,000 (1+5%)^-15 = $ 481 -A
PVI = 36.25 * Annuity factor =$ 759 -B
Future Value = A + B = $ 1,276
Annuity factor = (1- (1+i%)^-n)/i% = (1- (1+5%/2)^-30)/(5%/2) = 20.9303
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Year 1.
Direct materials and supplies $ 41,000
Employee costs 2,700,000
Production was 45,000 billable hours.
Fixed overhead was $700,000
Variable overhead $580,000
Total overhead 1,280,000
Unitary costs Year 1:
Direct materials= 0.91
Direct labor= 60
Variable overhead= 12.89
Unitary Costs Year 2:
Direct materials= 0.91*1.10= 1
Direct labor= 60*1.15= 69
Variable overhead= 12.89
Fixed overhead= 700000*1.05= 735,000
A) Total cost if billable hours= 36,000
Direct material= $36000
Direct labor= $2,484,000
Variable overhead= $464,040
Fixed overhead= $735,000
B)
Total cost per unit year 1= 0.91 + 60 + 12.89 + (700000/45000)= $89.36
Total cost per unit Year 2= 1 + 69 + 12.89 + (735000/36000)= $103.31
Answer:
Total Variable Cost, Variable Cost Per Unit
Explanation:
- The increase of the activity is associated with the increase of the total variable costs and costs per the unit and is the sum of the variable cots of each individual product developed and is obtained by multiplying one unit of the variable cost to the products.
Answer:
1) I used an excel spreadsheet
2) a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $7,000 in cash along with equipment having a $3,000 value.
Dr Cash 7,000
Dr Equipment 3,000
Cr DeShawn Tyler, capital 10,000
b. On May 21, Elegant Lawns purchases office supplies on credit for $500.
Dr Office supplies 500
Cr Accounts payable 500
c. On May 25, Elegant Lawns receives $4,000 cash for performing landscaping services.
Dr Cash 4,000
Cr Landscaping Revenue 4,000
d. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer.
Dr Cash 1,000
Cr Unearned Landscaping Revenue 1,000
3)
Cash (101)
debit credit
7,000
4,000
<u>1,000 </u>
12,000
Office Supplies (124)
debit credit
500
Equipment (167)
debit credit
3,000
Accounts Payable (201)
debit credit
500
Unearned Landscaping Revenue (236)
debit credit
1,000
D. Tyler, Capital (301)
debit credit
10,000
Landscaping Revenue (403)
debit credit
4,000
[A] To handle the day to day operations of the project.
