Answer:
$20,000 premium is amortized at the end of the first year.
Explanation:
Straight line amortization:
premium amortized = Premium / number of years
= ($5,200,000 - $5,000,000) / 10 years
= $200,000 premium / 10 years
= $20,000
Therefore, $20,000 premium is amortized at the end of the first year.
You do not meet NMSC's requirements
A loan that is associated with a valuable asset that can be taken by the lender is a secured loan.
Ray's loan is unsecured.
Jack's mortgage is a secured loan.
<h3>What are secured and unsecured loans?</h3>
A secured loan is a loan that is backed up by an asset. If the borrower defaults on the loan,the lenfer can take possesion of the asset. An unsecured loan is a loan that is not backed up by any asset.
An unsecured loan is more risky than a secured loan. Thus, unsecured loans have a higher rate of interest.
To learn more about unsecured loans, please check: brainly.com/question/8347317
#SPJ4
Answer:
Long a call with a strike price lower than the call you are short, on the same underlying asset
Explanation:
A bull put spread would involve one short put having a high strike price and 1 long put having a less strike price. It would be created for the net amount collected and the profits arise from increase in the stock price or from time erosion or from both the things
The option strategy that should be best described is that the call would be long having a strike price less than the short call for the similar underlying asset
Answer:
$585,000
Explanation:
Given that
Prime costs = $960,000
Conversion costs = $980,000.
Overhead costs = 150% of direct labor costs.
As we know that
Prime costs = Direct material cost + Direct labor cost
So,
Direct material cost + Direct labor cost = $960,000
And,
Conversion costs = Direct labor cost + Manufacturing overhead.
$980,000 = Direct labor cost + 150% of direct labor.
2.5 direct labor cost = $980,000
Direct labor cost = $980,000 ÷ 2.5
= $392,000
So,
Manufacturing overhead is
= $392,000 × 150%
= $585,000