Answer:
the bond worth today is $651.60
Explanation:
The computation of the amount of bond worth today i.e. present value is to be shown below:
Present value = Amount ÷ (1 + interest rate)^number of years
where,
Amount = $1,000
Interest rate = 5.5%
And, the number of years is 8
Now placing these values to the above formula
So, the worth of the bond today is
= $1,000 ÷ (1 + 0.55)^8
= $651.60
hence, the bond worth today is $651.60
Sue works as a salesperson in a clothing store. She earns $7.25 per hour plus COMMISSION, which is based on her sales revenue.
Types of Sales Commissions:
1) Gross profit commission - based on gross profit (sales - cost)
2) Revenue Commission ⇒ Sue's commission
3) Placement Fees - fixed amount on every unit sold
4) Revenue Gates - based on performance
Answer:
1. D
2. B
3. G
4. A
5. C
6. E
7. F
Explanation:
1. Notifies the materials manager to send materials to a production department: Materials requisition.
2. Holds costs of indirect materials, indirect labor, and similar costs until assigned to production: Factory overhead account.
3. Holds costs of direct materials, direct labor, and applied overhead until products are transferred from production to finished goods (or another department): Work in the process inventory account.
4. Standardizes partially completed units into equivalent completed units: Equivalent units of production.
5. Holds costs of finished products until sold to customers: Finished goods inventory account.
6. Describes the activity and output of a production department for a period: Process cost summary.
7. Holds costs of materials until they are used in production or as factor overhead: Raw materials inventory account.
Answer:
Credit; $100
Explanation:
When the shares are authorized there is no specific entry,
When the authorized shares are issued then proceeds are debited to the cash account and the common stock account is credited by that amount.
In this case,
Common Stock will be credited by 100 * 1 =$100
Hope that helps.
Answer:
E) output
Explanation:
The farmer's corn and pumpkins, profits, and losses are considered output.
In economy output represents the amount of goods or services produced by a business during a certain period of time. The goods can either be sold of held in inventory for a later sale (services cannot be stocked).
The farmer produces and sells pumpkins and corn, and depending on the sales price, the output volume and his costs, he will either make a profit or have a loss.
