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Anettt [7]
3 years ago
13

Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system?

Business
1 answer:
Georgia [21]3 years ago
5 0

Answer and Explanation:

c. If direct labor cost is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost.

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The current price of a stock is $50, the annual risk-free rate is 6%, and a 1-year call option with a strike price of $55 sells
wariber [46]

Answer:

$9.00.

Explanation:

The computation of the value of a put option is shown below:

Data provided in the question

Current price of the stock = $50

Risk free rate = 6%

Strike price = $55

Sale price = $7.20

Based on the above information

The value of put option is

Put = V - P + X exp(-r t)

= $7.20 - $50 + $55 e RF  - 0.06(1)

= $7.20 - $50 + $51.80

= $9.00

Hence, the value of put option is $9

6 0
3 years ago
Which investment type typically carries the least risk?
AleksandrR [38]
The investment type that typically carries the least risk is saving account
7 0
3 years ago
If you hold a $100 U.S. Treasury Bill, this means: (Select all that apply) Helpful Hint: There are 2 correct answers. The U.S. g
egoroff_w [7]

The U.S. government owes you $100.

Option 1 is correct .

Treasury Bills:

Treasury bills, or T-bills, have the shortest terms of all and are issued with maturity dates of four, eight, 13, 26, and 52 weeks.

Treasury Bill Characteristics:

Unlike Treasury bonds and notes, T-bills do not pay periodic interest payments to investors. Instead, Treasury bills are auctioned off to investors at a discount to their face value. The investor's return is the difference between the face value and the discount price paid at purchase.

How Do You Cash a Treasury Bond?

For Treasury bonds held with a bank or broker, consult the institution to redeem them.

For Treasury bonds in Treasury Direct (electronically), investors don't need to take any action since the bond will be cashed out at maturity and deposited into your account as long as you supply your bank information to Treasury Direct.

Treasury Bonds :

Treasury bonds, called T-bonds for short, are often referred to as long bonds because they take the longest to mature of the government-issued securities. Treasury bonds are offered to investors in terms of 20 and 30 years to maturity.

Learn more about Treasury bills :

brainly.com/question/14604863

#SPJ4

7 0
2 years ago
On january 1, a company issued and sold a $460,000, 3%, 10-year bond payable, and received proceeds of $456,000. interest is pay
Bad White [126]

To find the carrying value of the bonds after the first interest payments, we need to do the calculations to find the interest ..

Calculation of Interest:-

Cash interest payment of $ 6,900 ( 1.5% x $ 460,000) at the end of each semiannual period during the bonds life of 10 years… ( 3% / 2 = 1.5%)

That is $ 6,900 is paid for every six months say from Jan 30th to June 30 and June 30 to Dec 31……

So, every year we will pay $ 13,800 ( $ 6,900 + $ 6,900 ) for 20 periods ( two payments are made for every year, so for 10 years , we need to make the interest payment for 20 periods…)

Now lets amortize a bond discount.. (Amortizing is nothing but paying back

Straight Line Method… This method allocates an equal portion of the total bond interest expense to each interest period .

We divide the total bond interest expense of $ 142,000 by 20

This gives the interest expense of $ 7,100 per period. ( $ 6,900 interest + $ 200 Discount)

Interest Computation

Amount repaid to bondholders

20 interest payments of $ 6,900 = $ 138,000

Par value at maturity =$ 460,000

_________

Total repaid to bondholders = $ 598,000

Less:- Amount borrowed from bondholders = $ 456,000

__________

Total bond interest expenses = $ 142,000

__________

The following table shows the decrease in Discount on bonds payable account and the increase in the bonds carrying value ( Straight line method)

This is the summarization of Discount bond Straight Line amortization..

Semiannual period –end Unammortized Discount Carrying Value

(0) 1 / 30 $ 4,000 $ 456,00

(1) 6 / 30 $ 3,800 $ 456,200

(4,000 -200) ( 456,00+200)

The carrying value of the bonds after the first interest payment is $ 456,200

8 0
3 years ago
You're trying to save to buy a new $230,000 Ferrari. You have $32,000 today that can be invested at your bank. The bank pays 5.5
s344n2d4d5 [400]

Answer:

37 years

Explanation:

We know,

Future value = Present value (1 + r)^n

Given,

Future value, FV = $230,000;

Present value, PV = $32,000;

Interest rate, r = 5.5% = 0.055;

We have to determine how many years later I can purchase the Ferrari.

Now, putting the values into the formula, we get,

FV = PV × (1 + r)^n

or, $230,000 = $32,000 × (1 + 0.055)^n

or, $230,000 ÷ $32,000 = (1 + 0.055)^n

or, 7.1875 = (1 + 0.055)^n

or, log 7.1875 = n × log 1.055

or, n × log 1.055 = log 7.1875 [Changing the side]

or, n = log 7.1875 ÷ log 1.055

Using financial calculator/Scientific Calculator,

or, n = 0.8566 ÷ 0.0233

Therefore, n = 36.76 or almost 37 years.

4 0
3 years ago
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