Answer:
Bonds are a far more important source of financing than are stocks
Explanation:
There is so much of risk associated with the issue of stock. Though it is essential for any business to issue some stock, but bonds are always favorable as they have a defined maturity, defined amount associated, and defined interest payment.
There is no direct payment of interest in bonds but the expense is to be recorded in books as per the matching and accrual principle.
The discounted value of interest to be paid on maturity is recorded.
Further, there is a tax benefit on bond payments.
Answer:
The correct answer is: family life cycle.
Explanation:
The family life cycle refers to the natural stages families go through over time. There is no set path these stages follow but the most common steps in the life cycle of a family are <em>leaving home -single young adults, joining families through partnership, families with young children, families with adolescents, launching children and moving on, </em>and <em>families in later life</em>.
Answer:
$302,500
Explanation:
The computation of total amount of product costs is shown below:-
Product cost for 11,000 units = Direct material + Direct labor + Manufacturing overhead cost incurred
= ($7.30 + $3.90 + $2.20 + $14.10) × 11,000
= $27.50 × 11,000
= $302,500
Therefore for computing the total amount of product costs we simply applied the above formula.
Cigarettes, it ruins your teeth, skin, hair, and plenty others.
steroids, it stunts your growth.
Answer:
Adjusting entry the company made to record its estimated bad debts expense:
Bad Debts Expense 29,300
Allowance for Doubtful Accounts 29,300
Explanation:
The company uses the aging of receivable method to estimate uncollectible.
Estimated uncollectible would be $28,500
Before year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $800
Bad debts expense = $28,500 + $800 = $29,300
Adjusting entry the company made to record its estimated bad debts expense:
Bad Debts Expense 29,300
Allowance for Doubtful Accounts 29,300
