Answer: False
Explanation:
The process of Amortization spreads out a loan into a series of fixed payments over time.
The borrower essentially pays the both the loan's interest and it's principal in varying amounts per month but the total payment is the same.
During the beginning of the loan repayment schedule, interest costs are known to be highest and only a small portion of the balance/principal is paid.
The statement is therefore FALSE.
If you need any clarification or have any questions please feel free to comment or react. Thank you.
Answer:
$894.65
Explanation:
Given data:
n= time = 10 years
par value= $1000
annual coupon = 5.5%
interest rate = 7.0%
bond price = present value of interest + present value of redemption value.
present value of interest:
C = 5.5% of 1000 = $55
PV = C x (1 - (1 + r)^(-n)/r
PV = 55 x 1.07^(-10)/0.07
PV = 386.3
present value of redemption value:
pv = f / (1 + r)^(n)
where f = par value
PV = 1000 / (1.07)^(10)
PV = 508.35
summing up both values
508.35 + 386.3
= $894.65
Answer: <u><em>Addition to existing product line.</em></u>
<em>Since, the new product is a spicier version of its tomato ketchup aimed at the baby boomer market. But still it lie in accordance with the existing product line.</em>
<em>The product line denotes the unit of affiliated commodities all marketed under a single brand name which is further is sold by the same organization. Establishments sell several product lines under several brand names, looking to differentiate each other.</em>
<u><em>Therefore, the correct option is (d).</em></u>
Answer:
Explanation:
Job 11-101=$3,880
Job 11-102= $2,630
Job 11-103= $2,080
Job 11-104= $3,190
Job 11-105= $2,080
Total 13,860
Direct labor rate = $18
Predetermined overhead rate = $22
Direct labor hour = 13,860/18 = 770 hours
Applied factory overhead rate = 770 *22 = $16,940
Factory labor cost
Dr Cr
Work in progress 13,860
Factory Overhead 18,000
Wages payable 31,860
Factory Overhead
Work in progress 16,940
Factory overhead 16,940
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
