Answer:
FV = PV(1 + r)n
FV = 1,000(1+0.058)3
FV = $1,184
Dollar amount of interest
= $1,184 - $1,000
= $184
Explanation:
In this case, we need to determine the future value of $1,000 invested on the bond. Then we will deduct the present value from the future value so as to obtain the dollar amount of interest.
Answer:
A. $60,000 U
Explanation:
Given that
Budgeted fixed cost = 540,000
Actual fixed cost = 600,000
Recall that,
fixed overhead flexible-budget variance = Actual amount - standard (budgeted) amount
Thus,
Variance = 600,000 - 540,000
= $60,000 Unfavorable
It is unfavorable because the actual cost is higher than the budgeted cost. When actual cost is less than budgeted cost, it is favorable.
Answer:
Breeding stock.
Explanation:
Seedstock producers are cow/calf producers who produce breeding stock for purebred or commercial operations.
This ultimately implies that, seedstock producers are individuals who are saddled with the responsibility producing cow/calf by making the breeding stock available for other livestock farmers. Thus, the breeding stock are the primary calves that are used for producing cattles in large quantities.
$20,995
Cost of goods sold:
17,500 Beginning inventory
+19,252 Plus purchased inventory
- $15,757 Minus ending inventory
=20,995 Cost of Goods Sold