Answer:
$1,027.01
Explanation:
We use the present value formula for this question. The attachment is shown below:
Given that,
Assuming Future value = $1,000
Rate of interest = 6.75%
NPER = 20 years
PMT = $1,000 ×7% = $70
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the fair price of the bond is $1,027.01
Answer:
A common workflow error that can cause duplicate expenses in QuickBooks Online is:
Duplicating any transaction.
Explanation:
The reason behind this is that duplicating transactions is very common because it might originate before the accounting process is made. It can be executed by any manager or someone in the resources acquisitions department. That is why the books have to be reviewed at two different moments from two different departments. Accounting first and then finance. To check that everything is correct.
Answer:
A. $59.78 per MH
Explanation:
The computation of activity rate for the Order Size activity cost pool under activity-based costing is shown below:-
Activity rate for the Order Size activity cost pool = Activity pool cost ÷ Total expected activity
= $579,866 ÷ 9,700
= $59.78 per MH
Therefore for computing the activity rate for the Order Size activity cost we simply applied the above formula and ignore all other value as the other values are not relevant.
