Answer:
$1,035.71
Explanation:
first we must determine the annual interest = face value x coupon rate = $1,000 x 7.25% = $72.50
now to determine the approximate market value = annual interest / market interest rate = $72.50 / 7% = $1,035.71
since the market rate is lower than the coupon rate, you can sell your bond at a premium
Answer:
Total Manufacturing Cost = $9,347
Explanation:
Total cost for the job 450 is as follows:
Direct material = $2,057
Direct labor = $888 (Note - 1)
Overhead cost = $6,402 (Note - 2)
Total Manufacturing Cost = $9,347
<em>Note - 1: </em>Direct labor = Direct labor-hours × Direct labor wage rate
Given,
Direct labor-hours = 37 hours
Direct labor wage rate = $24 per labor-hour
Direct labor = 37 hours × $24 per labor-hour
Direct labor = $888
<em>Note - 2: </em>Overhead cost = Machine-hours × predetermined overhead rate
Given,
Machine-hours = 194 hours
predetermined overhead rate = $33
Overhead cost = 194 hours × $33 = $6,402
Answer:
The expanding accounting equation is:
Assets = Liabilities + Stockholders Equity
[Common Stock + Retained Earnings]
(Revenues - Expenses - Dividends)
Now, we replace the amounts in the formula
$84,325 = $2,560 + X
[ X + R ]
($54,780 - $28,125 - $13,450)
$84,325 = $2,560 + X
[ X + R ]
($54,780 - $28,125 - $13,450)
$84,325 = $2,560 + X
[ X + $13,205 ]
$84,325 = $2,560 + X
[ 68,560 + $13,205 ]
$84,325 = $2,560 + $81,765
Both sides are now equal to $84,325
Thus, Common Stock = $68,560
The 5 Partnership Firms:
(Chronological order)
1) "Contract for Partnership"
2) "Maximum number of Partnership is 20"
3) "Carrying on business with Partnership"
4) "Sharing on profit with Partnership"
5) "Mutual Agency in a Partnership"
These are the five profiles of Partnership in any corporate agency
Answer:
Detailed solution is given in the tabular form below:
