Answer:
D) All of the above would be classified as manufacturing overhead.
Explanation:
Manufacturing overhead is the overhead incurred directly in relation to the manufacturing process.
It can be fixed as well as variable, there is no standard conclusion for the above on the basis of nature of overhead.
Machining shop is a part of manufacturing process, and all expense related to that will be classified as manufacturing overhead, whether the expense is in cash like supervisor salary, property taxes of building of machining shop, or non cash expense like depreciation.
Therefore, all the expenses will be included in manufacturing overhead.
The answer is salary before taxes
Answer: Direct negotiation
Explanation:
Since the firm repurchases shares from a major shareholder through privately determined discussions, then this is referred to as a direct negotiation.
A direct negotiation occurs when a company approaches one or some if it's largest shareholders directly so that the company can buy back the shares that was sold to them by the company back from them. In this case, the shares purchase price will include a premium.
Answer:
- 8 months for the first interest
- 6 months for the second
Explanation:
The interest is to be paid semi-annually which means that it accrues for 6 months. However, the bond was issued on May 1, 2020 which is 8 months before the first interest payment on January 1, 2021 so the January payment will have to cover for those months as interest starts to build immediately the bond is purchased.
The second payment on July 1, 2021 will cover the period of 6 months between January 1 and July 1, 2021.
