The answer is c , assume compan used traditional costing stystem
Answer:
Dr interest expense $5,756.25
Cr cash $5,250
Cr Discount on bonds payable $506.25
Explanation:
Amortization of discount=$10,125/10 years*6/12=$506.25
The 6/12 implies that the amortization takes place every six months instead of annually.
The semiannual interest payment=$150,000*7%*6/12=$5,250
The interest payment would be credited to cash $5,250 and debited to interest expense for the year.
The amortization of discount would be credited discounts on bonds payable and credited to interest expense account as shown above in the answer section
Answer:
Task A:
Cost of goods sold = $621,000
Task B:
The LIFO layer liquidation effect is to increase the income by <u>$16,500</u>.
Explanation:
<h2>
The workings are attached as follows:</h2>
Answer:
A. True
Explanation:
Unlike direct materials, the sum of all the direct labor variances is always equal to the flexible budget variance. Also, a negative direct labor efficiency variance is considered favorable one. And for a direct labor, if the efficiency and rate variances are both negative, then the flexible budget variance will be unfavorable. Therefore, the statement of the question is true.
Answer:
The correct option is A that is federal funds rate
Explanation:
Federal funds rate is the rate of interest which is charged by the banks on other banks in order to lend or give them the money from the balance of reserve on an overnight ground . And in accordance with the law, the banks need to preserve or keep a reserve, that is equal to a particular % (percentage) of the deposits in the account at a Federal Reserve bank.
The headline is likely to address the federal funds rate in the journal.
