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3 years ago

9

Temporary workers—often called temps—may not be subject to the contractual obligations or general policies that govern other emp

loyees.
a. True
b. False

1 answer:

Misha Larkins [42]3 years ago

8 0

Answer is A: true
they are not subject to contractual obligations

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a company issued 9%, 5-year bonds with a par value of $490000. the market rate when the bonds were issued was 10%. the company r

Oksanka [162]

The correct answer of this question is $6420.95.

Given here, the market rate is 10% and the time is semiannual period (1/2 year)

Now we calculate, Amount of interest expense by the formula,

Amount of interest expense = Principal × Rate × Time

= 124979 × 10% × ½

= 6248.95 $

So, the amount of interest expense for the first semiannual interest period is 6248.95$.

Interest expense made by a business on any bonds, loans, convertible debt, and lines of credit are included in interest expenditure, which is a term used to describe the cost of borrowing money.

Margin interest, which is charged in taxable brokerage accounts when borrowed money is used to buy investments, is also included in interest expense. A company’s interest expense is included on its income statement and represents the interest accrued, but not necessarily paid, over a specific period of time.

To learn more about Interest expense, refer this link.

brainly.com/question/12553420

#SPJ4

7 0

2 years ago

Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 7

bonufazy [111]

Answer:

1) total equivalent units:

materials = 73,000

conversion = 81,500

2) costs assigned to ending WIP:

materials = $23,013.70

conversion = $27,288.32

Explanation:

beginning WIP 78,000 + 10,000 - 73,000 = 15,000

materials = 100% (0 added during the period)

conversion = 30% (70% added during the period, 10,500 EU)

units started 73,000

units finished 78,000

units started and finished = 63,000

ending WIP 10,000

materials = 100%

conversion = 80%, 8,000 EU

Beginning WIP

Materials $24,000

Conversion $35,000

Costs added during the period:

Materials $168,000

Conversion $278,000

total equivalent units:

materials = 73,000

conversion = 10,500 + 63,000 + 8,000 = 81,500

cost per EU:

Materials = $168,000 / 73,000 = $2.30137

Conversion = $278,000 / 81,500 = $3.41104

costs assigned to ending WIP:

materials = 10,000 x $2.30137 = $23,013.70

conversion = 8,000 x $3.41104 = $27,288.32

5 0

3 years ago

On January 1, Mitzu Co. pays a lump-sum amount of $2,750,000 for land, Building 1, Building 2, and Land Improvements 1. Building

krek1111 [17]

Answer:

January 1, 202x

Dr Land 2,162,109

Dr Building 2, 742,626

Dr Building 3, 2,262,000

Dr Land improvement 1, 385,065

Dr Land improvement 2, 168,000

Cr Cash 5,719,800

Explanation:

total purchase cost $2,750,000

Building 2 = $796,500

Land improvement 1 = $413,000

Land = <u>$1,740,000</u>

total = $2,949,500

proportional purchase cost building 2 = $2,750,000 x $796,500/$2,949,500 = $742,626

proportional purchase cost land = $2,750,000 x $1,740,000/$2,949,500 = $1,622,309

proportional purchase cost land improvements 1 = $2,750,000 x $416,000/$2,949,500 = $385,065

additional costs to land = $346,400 + $193,400 = $539,800

additional building 3 = $2,262,000

additional land improvement 2 $168,000

January 1, 202x

Dr Land 2,162,109

Dr Building 2, 742,626

Dr Building 3, 2,262,000

Dr Land improvement 1, 385,065

Dr Land improvement 2, 168,000

Cr Cash 5,719,800

4 0

3 years ago

A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,9

cluponka [151]

Answer:

A. Year 1 8.3%

Year 2 9.2%

B. Yes

Explanation:

(1) Calculation for its cash flow on total assets ratio for both years

Using this formula

Cash flow on total assets ratio =Net operating cash flow/Average total assets

Let plug in the formula

Year 1 Cash flow on total assets ratio=$102,920/$1,240,000

Year 1 Cash flow on total assets ratio=8.3%

Year 2 Cash flow on total assets ratio= 138,920/1,510,000

Year 2 Cash flow on total assets ratio= 9.2%

(2) Based on the above calculation YES it's cash flow on total assets improve in Year 2 versus Year 1

5 0

3 years ago

In 2013, Natural Selection, a nationwide computer dating service, had $500 million of assets and $200 million of liabilities. Ea

Allisa [31]

Answer and Explanation:

The computation is shown below:

a) Liabilities to equity ratio is

= $200 ÷ ($500 - $200)

= 0.667

Times interest earned ratio is

= EBIT ÷ Interest expense

= $120 ÷ $28

= 4.285

Times burden covered is

= EBIT ÷ (Interest +Principal repayment ÷ ( 1 -tax rate))

= 120 ÷ (28+24 ÷ (1-0.4))

= 1.764

b)

Interest paying requirements

= ($128 - $20) ÷ 120

= 76.7%

Principal and interest requirements

= [$120 - ($28 + $24 ÷ (1-0.4))] ÷ 120

= 0.433 or 43.3%

Principal, Interest and Common dividend payments -

= [$120 - ($28 + (($24 + 0.3 × 20) ÷ (1 - 0.4))] ÷ 120

= 0.35 or 35%

3 0

3 years ago