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3 years ago

What happens when a bond becomes due?

2 answers:

6 0

When you buy a bond, you're lending your money to a company or a government (the bond issuer) for a set period of time (the term). The term can be anywhere from a year or less to as long as 30 years. In return, the issuer pays you interest. On the date the bond becomes due (the maturity date), the issuer is supposed to pay back the face value of the bond to you in full.

maks197457 [2]3 years ago

3 0

I believe the answer is: C.The issuer will pay you back, plus interest.

The due time of the bond and the interest rate would be mentioned by the issuer before you make the purchase of the bond. The interest that the issuer give back is a form of profit that given because you are willing to take risk to put your money as investment.

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Exercise 2-10 Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs on the basis of direct lab

OlgaM077 [116]

Answer:

See explanations below.

Explanation:

1. Yes. Overhead should be applied to job W at year-end. Overhead is applied to every jobs whether or not they are completed at year end.

b. To calculate the amount of overhead to be applied to job W, we need to calculate first the overhead application rate based on direct labor cost through job V.

Direct labor cost. $8,000

Overhead applied $6,000

Overhead rate = [ Overhead applied / Direct labor cost ] × 100

= [6,000/8,000] × 100

= 75%

Overhead to be applied to job W

Direct labor cost $4,000

Overhead rate 75%

Overhead to be applied = $3,000

It therefore means that $3,000 should be applied to job W.

2. Because job W was not completed at the year end, it would then be included in the work in process inventory in the financial statements of Sigma Corporation at year end.

6 0

3 years ago

Revenue is properly recognized: Multiple Choice When the customer makes an order. Only if the transaction creates an account rec

Marianna [84]

Revenue in a business transaction is recognized When goods or services are provided to customers and at the amount expected to be received from the customer.

<h3>What is revenue?</h3>

Refers to the amount paid to a company for the provision of goods and services.
Can only be recognized when that good or service has been provided to the customer.

Until a good or service is provided to the customer who bought it, revenue should not be recognized because it has not been earned by a company.

In conclusion, option C is correct.

Find out more on revenue recognition at brainly.com/question/1380073.

3 0

2 years ago

The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred t

laila [671]

Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning work in process = $4,000

Ending work in process in finishing department = $6,000

Cost transferred = $47,000

Direct material = $15,000

Direct labor = $46,000

Overhead = $22,000

Cost incurred in finishing department:

= Beginning work in process + Cost transferred + Direct material + Direct labor + Overhead

= $4,000 + $47,000 + $15,000 + $46,000 + $22,000

= $134,000

Cost of goods transferred to the Finished Goods Inventory account:

= Cost incurred in finishing - Ending work in process

= $134,000 - $6,000

= $128,000

5 0

3 years ago

Harmony Company sells handminusknit scarves. Each scarf sells for $ 45. The company pays $ 70 to rent vending space for one day.

choli [55]

Answer:

2.12, rounded up to 3

Explanation:

To solve the equation, we first need to set up an equation.

Let x represent the number of scarves. We want one side of the equation to be the amount earned and the other to be the cost

45x is how much they earn since each scarf is $45

70+12x is how much they cost for rent and production

45x=70+12x

Subtract 12x from both sides

33x=70

Divide both sides by 33

x=2.12

It says we should round up so 3 scarves to break even

5 0

3 years ago

Define the "Social Entrepreneurs" and state some examples of "Social Enterprise Obligations" that are important to you and why.

sashaice [31]

Social entrepreneurs is the term that is used to refer to the persons that have businesses that would serve them certain social objectives.

<h3>Who is an entrepreneur?</h3>

This is the term that is used to refer to the person that is a business owner. The entrepreneur is one that is able to open a business and follow up with its establishment for the sake of making profits and other forms of gains.

The social enterprise obligations that are important are fund raising activities, child rights and other forms of rights in the society. some others would be the empowerments for women in the society and other forms of environmental goals.

Read more on entrepreneurship here:brainly.com/question/22477690

#SPJ1

4 0

2 years ago