Answer:
Entries are given below
Explanation:
Cash should be recorded as an asset on the issuance of bonds and bonds should be credited as it is a liability for the company. Interest expense should be debited on a semiannual basis
June 30, 2021 ( issuance of bonds)
DEBIT CREDIT
Cash 1,042,973
Bonds payable 970,000
Premium on bonds payable 72,973
December 31, 2021 ( interest expense)
DEBIT CREDIT
Interest Expense 62,578
(1,042,973 x 12% x 6/12)
Premium on bonds payable 472
Cash 63,050
(970,000 x 13% x 6/12)
June 30, 2022 (interest expense)
DEBIT CREDIT
Interest Expense 62,550
(1,042,973-472) x 12% x 6/12)
Premium on bonds payable 500
Cash 63,050
(970,000 x 13% x 6/12)
Answer:
B) Student Aid Report (SAR)
Explanation:
This is the report you get after completing the government provided FAFSA.
Answer:
$735 billion
Explanation:
Calculation to determine the national saving
Using this formula
National saving =Gross domestic product-Consumption expenditure-Government expenditure
Let plug in the formula
National saving=$2,450 billion-$1,390 billion- $325 billion
National saving=$735 billion
Therefore the national saving is $735 billion
Answer:
Direct Materials $ 14*20,000 = $ 28000
Direct Labor $ 14*1.9* 20,000 = $ 532,000
Variable Overhead $
14*1.9*1.2*20,000 = $ 638400
Fixed Overhead $
14*1.9*1.8*20,000 = $957600
Total Manufacturing Cost $ = 2156000
Less: Ending Inventory $ 107.8*730 = 78649
Cost of Goods Sold $2077306
Working:
Total Manufacturing Cost $ per unit = 2156000/ 20,000= 107.8 $
Ending Inventory $ 107.8*730 = 78649
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