Answer: Option(d) is correct.
Explanation:
Given that,
Purchases a bond = $10,000
Bond pays at the end of the first, second, and third years = $400
Bond pays upon its maturity at the end of four years = $10,400
(i) Principal amount of this bond = $10,000
It is the issue price of the bond.
(ii) The coupon rate of the bond =
=
= 4% per year
(iii) The term of this bond is 4 years, as it was matured after 4 years.
Answer:
The appropriate answer is "$8,457,50".
Explanation:
The given values are:
Direct material cost,
= $9,500
Direct labor cost,
= $10,400
Units completed in job 412,
= 4
Now,
The total cost for completion of job 412 will be:
=
On substituting the values, we get
=
= ($)
Unit produced cost will be:
=
= ($)
70% of unit produced cost will be the profit margin, then
=
= ($)
hence,
The price charged to the customer will be:
=
On substituting the values, we get
=
= ($)