Answer:
$7,400
Explanation:
Given the above information, the total factory overhead cost would be computed as;
Total factory overhead costs = Indirect materials + Indirect labor + Maintenance of factory equipment
= $1,200 + $4,200 + $2,000
= $7,400
Hence, the total factory overhead costs is $7,400
Answer:
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $28,000
Mortgage payable A/c $12,000
To Cash A/c $40,000
(Being the installment is paid for cash and the remaining balance is debited to the interest expense account)
Simply we debited the interest expense and mortgage payable account and credited the cash account as cash is paid
Answer:
D. By helping them cover unforeseen expenses
Answer:
a. $1,320.88
b. $1,182.19
Explanation:
The computation is shown below:
a. For market value of the bond
Given that
Rate = 9%
NPER = 10
PMT = $1,000 * 14% = $140
FV = $1,000
The formula is shown below:
= -PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the present value is $1,320.88 i.e. equivalent to the market value of the bonds
b. Now the net price be
= Market price × (1 - flotation cost)
= $1,320.88 × (1 - 0.105)
= $1,182.19
<span>a. a promotion-related ethical issue has been created.</span>
