Answer: Selling the bonds at a premium has the effect of causing the cost of borrowing money to be lower than the bond when interest is paid.
Explanation: When a bond is traded above the par value, it is being sold at premium. Since the bond is sold above it, the interest rate is higher but the cost to borrow money is lower. Purchasing a bond a premium is expensive because it is above market value but selling a bond at premium contributes to more money made off of the sale.
34,944 ÷ 12 = 2,912
He earned $2,912 a month which would add up to his year salary being $34,944
The moral of the story is to keep your stick on the ice
Answer:
One-way commute times may be long because affordable housing is distant from the job.
A working spouse could affect all three variables.
People might be very satisfied with their career as long as the income is high.
People may have a career following their passion, but have a low income or a long commute.
Explanation:
As we know that the study in college for graduation generally includes the three types of variables i.e. level of the income, job satisfaction and the one way commute
Now there are some ways that may be cofounded such as the one way commute could belong as if the house is far from the job, for the working spouse the above three variables could be impacted, when the income of the people are high they feel very satisfied and they follow their passion but they have the low income or long commute travelled at the same time
Answer:
Total incremental net income = $28,000
Incremental per gallon increase in net income = $0.70 per unit
Explanation:
a. The preparation of incremental statement to find out the increase in net income
Total production $140,000
Less:
Incremental cost
Direct material $68,000
($1.70 × 40,000 gallons)
Direct labor $24,000
($0.60 × 40,000 gallons)
Variable manufacturing
overhead $20,000
($0.50 × 40,000 gallons)
Total incremental cost ($112,000)
Total incremental net income $28,000
b. Incremental per gallon increase in net income = Total incremental net income ÷ Total quantity
= $28,000 ÷ 40,000 gallons
= $0.70 per unit
Therefore the total incremental net income is $28,000 and incremental per gallon increase in net income is $0.70 per unit.
