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3 years ago

Why might a town decide to issue bonds?

1 answer:

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A town might decide to issue bonds to B) to build new roads or bridges. A town will achieve a specified amount of money by issuing the bond and there must be an obvious source for returning the bond value until its maturity date. Therefore, building projects or other projects related to the town's infrastructure would be the most appropriate reason for a town to issue bonds.

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Kennedy Company reports the following costs and expenses in May.

mamaluj [8]

Answer:

a. $161,350

b. $398,050

c. $81,140

Explanation:

Total amount of manufacturing overhead

Factory utilities $16,500

Depreciation on factory equipment $12,650

Indirect factory labor $48,900

Indirect materials $70,800

Factory manager's salary $8,000

Property taxes on factory building $2,500

Factory repairs $2,000

Total $161,350

Note : Manufacturing Overheads are Indirect Manufacturing Costs that can not be easily traced to the Product being manufactured.

The total amount of product costs

Direct materials used $157,600

Direct labor $79,100

Manufacturing Overhead $161,350

Total $398,050

Note : Product Costs are Direct Manufacturing Costs that can be easily traced to the Product being manufactured.

The total amount of period costs

Depreciation on delivery trucks $3,800

Sales salaries $48,400

Repairs to office equipment $1,300

Advertising $23,000

Office supplies used $4,640

Total $81,140

Note : All Non Manufacturing Costs are Period Cost. Period Costs are expensed in the Income Statement.

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3 years ago

Marriott Hotels has a customer-relationship management system whereby the preferences of regularcustomers are tracked and used t

motikmotik

Answer:

e. Responsiveness

Explanation:

Having in mind the building blocks of service quality, this example shows the responsiveness block.

It represents the eagerness of the company to proactively improve service according to customers' needs. In other words, it relates to how much the company is willing to help its customers or react to their potential inquiries for improvement.

Besides offering the basic service, Marriott Hotels carefully analyses the data that would help the company better cater to their customer base in the future.

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4 years ago

On june 1, Scooter company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated use

jeyben [28]

Answer:

The correct answer is b. $30,000.

Explanation:

The depreciation is systematic allocation of cost of asset over its useful life. In straight line method cost is allocated evenly during the period of asset usage. Detail calculations are given below.

Depreciation expense = Cost of asset/Useful Life

= 90,000/3

= 30,000

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3 years ago

he following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 18,800 Balance per co

kompoz [17]

Answer:

a. $15,710

b. Journal entry

Explanation:

a. The adjusted balance on the bank reconciliation is shown below:

= Balance per bank + deposit in transit - outstanding checks

= $18,800 + $3,750 - $6,840

= $15,710

b. The journal entry is as follows

Bank service charges $20

To Cash $20

(Being the cash is paid is recorded)

We simply do the above calculations and the journal entry to record this transaction

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3 years ago

A interest rate that changes based on the base rate used by the bank

rodikova [14]

Answer:

Explanation:

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3 years ago