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4 years ago

8

In producing product AA, 6,300 pounds of direct materials were used at a cost of $1.10 per pound. The standard was 6,000 pounds

at $1.00 per pound. The direct materials quantity variance is:

1 answer:

abruzzese [7]4 years ago

5 0

Answer:

300 A

Explanation:

(SQ - AQ) SP

(6000 - 6300)1

300 A

It means that actual quantity produced is worse than expected quantity.

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When Patey Pontoons issued 6% bonds on January 1, 2018, with a face amount of $600,000, the market yield for bonds of similar ri

Sliva [168]

Answer:

<u>1.- issued at : </u>$579,378

<u></u>

<u>2.- the schedule is attached.</u>

<u></u>

<u>3 and 4.- journal entries</u>

cash 579,378 debit

discount on bonds payable 20,622 debit

bonds payabe 600,000 credit

--to record issuance-------

interest expense 20278.23 debit

discount on bonds payable 2278.23 credit

cash 18000 credit

--to record June 30th payment---

<u>5.-At December 31th 2018 will report as follow:</u>

bonds payable 600,000

discount on bonds (15,986)

net 584,014

<u>6.- it will report interest expense for:</u>

20,278.23 June

20,357.97 December

total: 40.636,2‬

7.- maturity:

interest expense 20,898.55

discount on bonds payable 2,898.55

cash 618,000

Explanation:

For the value of the bonds at issuance, we will calcualtethe present value of the coupon payment and the maturity at market rate.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 18,000 ( 600,000 x 0.06/2)

time 8 (4 years x 2 payment per year

rate 0.035(market rate / 2)

$18000 \times \frac{1-(1+0.035)^{-8} }{0.035} = PV\\$

PV $123,731.1997

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 600,000.00

time 8.00

rate 0.035

$\frac{600000}{(1 + 0.035)^{8} } = PV$

PV 455,646.93

PV c $123,731.1997

PV m $455,646.9337

Total $579,378.1334

for the schedule we will multuply the carrying value by the market rate.

the ncompare with the proceed in cash to know the amortizaiton.

This amortization will increase the carrying value of the loan.

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3 years ago

In 2019, Mr. Smith purchased a principal residence for $1,500,000. He made a down payment of $300,000 and financed the remainder

ludmilkaskok [199]

Answer:

Following are the solution to the given question:

Explanation:

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Definitely competent house involvement is not really a person under Segment 163(h)(2)(D). In Section 163(h)(3)(a) characterizes skilled optimism even though paid or charged interest. Recovering for a guaranteeing responsibility or house price responsibility guaranteed by taxable year Each consumer's competent going to dwell.

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3 years ago

It is important for an entrepreneur to have ___________ when approaching an angel investor or venture capitalist

Mashcka [7]

It is important for an entrepreneur to have <u>area of specialization</u> when approaching an angel investor or venture capitalist

Just as the venture capitalist has to be careful in selecting his investment, the entrepreneur should also take several factors into account while selecting a venture capitalist. The entrepreneur should take care in selecting the right venture capitalist to approach based on the venture capitalist's area of specialization.

The entrepreneur while approaching venture capitalist should have a detailed and well organized business plan as is the only way to gain a venture capitalists attention and obtain funding. They do not invest on a two page summary.

Hence, it is important for an entrepreneur to have area of specialization.

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2 years ago

A bond that has a face value of $150 maturing in one year is available for purchase for $134 . What is the interest rate offered

Norma-Jean [14]

The interest rate offered on the bond is 11.94%.

<h3>What is the interest rate on the bond?</h3>

The interest rate of the bond can be determined by calculating the yield to maturity of the bond. The yield to maturity is the interest rate that equates the price of the bond to the future value of the bond.

The yield to maturity can be determined using a financial calculator:

Cash flow in year 0 = $-134
Cash flow in year 1 = $150

YTM = 11.94%

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2 years ago

Highland Clothing purchased land, paying $ 92 comma 000 cash and signing a $ 300 comma 000 note payable. In addition, Highland

Tpy6a [65]

Answer:

The Journal entry is as follows:

Land A/c Dr. $400,850

To Cash A/c $100,850

To Notes payable $300,000

(To record purchase of land with cash and notes payable)

Workings:

Purchase price of land = $392,000

Total cost of land:

= Purchase price of land + Property taxes + Title insurance + Removal of building

= $392,000 + $2,100 + $950 + $5,800

= $400,850

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4 years ago