When a firm plans to issue bonds, it creates a(n) -prime-, which is a legal document that explains its obligations to bondholders?
Answer:
The cost for conversion as per equivalent unit of production is $5.85
Explanation:
Formula for cost of conversion per equivalent unit of production =
Total cost / Equivalent units of production
Equivalent cost of production for conversion is given = 95,000 UNITS
CALCULATING TOTAL COST =
Cost of beginning work in progress + Cost incurred in February ( conversion )
= $36,000 + $ 520,000
= $556,000
Putting the values of total cost and equivalent units of conversion in formula-
= $ 556,000 / 95,000
= $5.85
Answer:
the budgeted direct labor cost is $441,000
Explanation:
The computation of the budgeted direct labor cost is shown below:
Budgeted direct labor cost
= Budgeted production × hours per unit × rate per hour
= 28,000 units × 1.5 × $10.50
= $441,000
Hence, the budgeted direct labor cost is $441,000
So the correct option is B.
Answer:
If I was banking with my local town bank and it happens that Bank of Africa purchases it, there are cost and benefits associated with the merge. First, Bank of America is global, meaning that I will be able to access the Services such as ATM services at different points. Second, due to its area of coverage, the services are cheaper compared to the ones I got when it was in my local town. However, due to the monopoly of the bank, they might increase the charges making them more expensive than when the services in the local village. Additionally, it will be a challenge for average customers, such as farmers, to access big banks unless faithful people accompany them.
Explanation:
