Answer:
The answer is $22096,40
Explanation:
The annual interest expense is calculated: Nominal Value * yield rate*carrying value/nominal value. Because this note is paid semiannually, the formula is Nominal value * yield rate/2, where nominal value is equal to the face value ($500,000), and the yield rate = 9%. Because the carrying value is less than the nominal value, the cost for the company is less than the nominal expense.
So, the interest expense is $500,000 * 0.09/2 * 491,031.19/500,000 = 22,096,40
Answer:
Recognize the assessments as assessments receivable and revenue.
Explanation:
Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.
This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.
But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.
<span>This totally new product would be considered a question mark according to the BCG matrix. The reason for this is that no one truly knows how the product will perform in the marketplace. The only real data they have is the projected sales according to projected customer satisfaction surveys and think tanks.</span>
The total amount of traceable fixed manufacturing overhead for Alpha and Beta will be $3332000 and $3689000.
<h3>How to compute manufacturing overhead? </h3>
From the information given, the traceable fixed manufacturing overhead for Alpha will be:
= 119000 × 28
= $3332000
The traceable fixed manufacturing overhead for Beta will be:
= 119000 × 31
= $3689000
Learn more about overhead amount on:
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