Answer:
total finance charge = $12,048
Explanation:
The total finance charge of a credit is the amount of interest and other expenses that a customer will have to pay for borrowing a credit.
Tim will make a $4,000 down payment and finance $36,000 at 12% for 60 months. His monthly payment will be $800.80, so after 5 years he will have paid a total of $800.80 x 60 = $48,048
To determine the total finance charge we must subtract the loan's principal from $48,048:
total finance charge = $48,048 - $36,000 = $12,048
Answer:
Which of the following statements is false?
a. Actual overhead costs always enter the Work-in-Process account.
Explanation:
a. Actual overhead costs always enter the Work-in-Process account.
A normal job-order costing system is a system that uses: Actual costs for direct materials and direct labor and estimated costs for overhead. Actual overhead costs are not assigned directly to jobs
b. The use of normal costing means that overhead is applied to each job using a predetermined rate.
The cost of a job includes direct materials, direct labor, and applied overhead. The use of normal costing means that overhead is applied to each job using a predetermined rate.
c. Indirect labor is assigned as a part of overhead.
Since direct materials and direct labor are usually considered to be the only costs that directly apply to a unit of production, manufacturing overhead is (by default) all of the indirect costs of a factory. Manufacturing overhead does not include any of the selling or administrative functions of a business
The price of a bond Falls and the expected return Rises, bonds become more attractive to investors and the quantity demanded rises.
Let's now think about how bonds are impacted by interest rates. Interest rate and credit spread make up the majority of a bond's yield. The interest rate is the base rate for all bonds denominated in a particular currency and compensates investors for their fundamental economic risks, whereas credit spread indicates the idiosyncratic risks related to specific issuers.
Therefore, if the market anticipates an increase in interest rates, bond yields will also increase, which will cause bond prices to decline.
The price of a bond Falls and the expected return Rises, bonds become more attractive to investors and the quantity demanded rises.
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Answer:
Include subordinates early in the process and include them in all aspects of policy formation.
Answer:
Target Corporation
The amount that will be debited to the bonds payable account on December 31, 2020 will be:
= $9,000,000
Explanation:
a) Data and Calculations:
January 1, 20xx:
Face value of bonds issued = $9,000,000
Maturity period = 20 years
Stated interest rate = 9%
Interest payment = June 30 and December 31
Semiannual Interest Payment in dollars = $405,000 ($9,000,000 * 4.5%)
b) At maturity of the bonds after 20 years, Target Corporation will debit the Bonds Payable account and credit its Cash account with the sum of $9,000,000. On that date, the bond's carrying amount will be equal to the Bonds Payable account balance, all things remaining equal.