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3 years ago

What is the relationship between the gross public debt and the net public debt?

1 answer:

3 0

The gross debt is the total amount of debt the gov. has issued . the difference is that the net debt does not include debt owned by the gov. to itself

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2. NEIU Company has no beginning and ending inventories, and reports the following information for its only product: Direct mate

Mrac [35]

Answer:

Product cost per unit = $13

Explanation:

<em>Absorption costing values units of inventory and production using full cost per unit. Full cost per unit includes variable cost and a portion of fixed production overheads. The fixed production overhead are charged to cost units using predetermined overhead absorption rate.</em>

The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads.

Total full absorption cost = 125,000 + 100,000 + 75,000 + 25,000=325,000

Full cost per unit = Total full absorption cost/Number of units

= 325,000/25,000 =$13

<em>Note that we excluded non- production cost like selling and administrative from the computation because they are not related to production</em>

Product cost per unit = $13

4 0

2 years ago

A school band performs a spring concert for a crowd of 600 people. the revenue for the concert is $3150. there are 150 more adul

Alla [95]

In this item, we let the number of tickets sold to the adults as x. With this, we can let the number of tickets sold to students with y.

In this item, we are given that the sum of the number of students and adults is equal to 600. Further, we are also given that the difference is 150. The system of linear equation that would allow us to solve this item is,

x + y = 600
x - y = 150

Adding up the two equations will give us,
2x = 750
Dividing by 2,
x = 375

Substituting this value to the first equation,
375 + y = 600
y = 225

Therefore, there are 375 and 225 number of tickets sold to adults and students, respectively.

4 0

3 years ago

Power Company issued a $ 1,000,000, 5 %, 10-year bond payable at at face value on January 1, 2016. Requirements

Anettt [7]

Answer and Explanation:

The journal entries are shown below:

1. Cash Dr $1,000,000

To Bond payable $1,000,000

(Being the issuance of the bond is recorded)

For recording this we debited the cash as it increased the assets and credited the bond payable as it also increased the liabilities

2. Interest Expense Dr ($1,000,000 × 5% × 1 ÷ 2) $25,000

To Cash $25,000

(Being the interest expense is recorded)

For recording this we debited the interest expense as it increased the expense and credited the cash as it decreased the asset

4 0

2 years ago

Look at the following email (attached). Name two good email netiquette practices used in the

Kipish [7]

Two good email etiquettes practices used in email are:

Inserting a Subject
Keep the email short and restricted to three paragraphs.

Two bad email etiquettes used in the email above are:

Indiscriminate use of the exclamation mark
Discussing personal issues in a formal email.

<h3>What are email etiquettes?</h3>

The use of acceptable language, standards, and politeness in an email is referred to as email etiquette. Business emails often need formal language as well as rigorous respect to appropriate grammar and spelling.

Five useful E-mail Etiquette are:

Address your addressee appropriately. Check, double-check, and triple-check that you have the right spelling of the recipient's name and title.
Proper greetings and closing statements should be used.
Format correctly.
Avoid using ALL CAPS.
Large files should be compressed.

Learn more about email etiquette:
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8 0

1 year ago

A property is assessed at $64,410. the county tax rate is 8.9 mills per dollar. what would the monthly payment for taxes be to t

Marta_Voda [28]

The monthly payment for taxes be to the escrow account to $48

$48 Assessed value × tax rate = annual tax amount ÷ 12 = monthly tax amount

8.9 mills ÷ 1,000 = 0.0089 tax rate

$64,410 × 0.0089 = $573.25 annual tax ÷ 12 = $47.77, rounded to $48

<h3>What is property?</h3>

Anything over which a person or a company has legal ownership is considered property. Property can refer to both real objects, like homes, automobiles, or appliances, as well as intangible items with the potential for future value, like stock and bond certificates.

Corporeal property and incorporeal property are the two primary forms of property. Corporeal Property is visible and tangible, but incorporeal Property is not. Additionally, corporeal property refers to the ownership of tangible objects, whereas incorporeal property refers to an intangible right in real estate.

To learn more about property visit:

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5 0

1 year ago

What is the relationship between the gross public debt and the net public​ debt?

What is the relationship between the gross public debt and the net public debt?