The bond worth $ 4400 at the time of the bond maturity.
<u>Explanation:</u>
Principal amount = $ 2000
Rate of Interest = 6%
Number of years = 20
SI = Pnr
= 2000 × 6 × 20 / 100
= $ 2400
The bond worth when it was matured is $ 2000 + $ 2400 = $ 4400
Answer:
debit to Manufacturing Overhead of $65,000
Explanation:
Manufacturing overhead cost are those that are shared to different processes that do not contribute directly to product being manufactured.
For example raw materials is a direct contributor to goods, while labour is a overhead cost that indirectly contributed to the good.
On the given scenario it is the actual amount incurred that will be debited to the books of the company.
So there will be a debit to Manufacturing Overhead of $65,000
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