Answer:
The interest revenue on note receivable that will be recognized at maturity is $1700.
Explanation:
The note is a three months note. So, the interest that will be charged on the note for the period the note was outstanding, i.e. three months from June to August. The rate that is given is an annual rate. Thus, the interest on note for three months period will be,
Interest revenue on note = 68000 * 0.1 * 3/12
Interest revenue on note = $1700
Answer:
1. $9.07
2. $25.5
Explanation:
(a) Total Cost:
= 260,000 × 60% (Wages and Salaries) + 60,000 × 50% (Other Overhead)
= $186,000
Cost of Wages and Salaries and Other Overheads Charged to Each Bouquet:
= Total Cost ÷ Total Bouquets
= $186,000 ÷ 20,500
= $9.07
(b) Total Cost:
= 260,000 × 30% (Wages and Salaries) + 60,000 × 40% (Other Overhead)
= $102,000
Cost of Wages and Salaries and Other Overheads Charged to Each Delivery:
= Total Cost ÷ Total Delivery
= $102,000 ÷ 4,000
= $25.5
Its D. Self-directed teams will generally not report to a manager.
Answer:
$532.73
Explanation:
we need to determine the present value of the bond:
Present value = future value / (1 + r)ⁿ
where:
- future value (FV) = $1,000
- r = 6.5%
- n = 10 years
PV = $1,000 / (1 + 6.5%)¹⁰ = $1,000 / 1.065¹⁰ = $1,000 / 1.8771 = $532.73
Answer:
Canceled. It is usually perforated and attached to the certificate book.
Explanation:
An independent stock transfer agent is an agent which a corporation has assigned the responsibilities of keeping the financial records of all its investors and track the movements of their account balances. The agent can be a bank, trust company or other related financial institutions.
Basically the functions of a transfer agent are to maintain the records of the owners of securities like bonds and stocks of a company that are traded publicly as well as cancelling and issuing certificates, and dealing with other issues.
When a does not employ an independent stock transfer agent, but rather issues its own stock and maintains its stock records, all these functions have to performed by it, especially by the registrar of the company. As the issue of selling and transferring stocks is a specialized area of functions carried by agent with the specialized training which the registrar may not have, a simple method of cancelling the certificate of a selling shareholder is employed when outstanding shares are transferred from one holder to another.
Therefore, the certificate of a selling shareholder is employed when outstanding shares are transferred from one holder to another especially by perforating and the attach it to the certificate book.
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