What is the amount of tax paid for the year

On January 1, your company issues a 5-year bond with a face value of $10,000 and a stated interest rate of 6%. The market intere

Lapatulllka [165]

Answer:

Debit Interest Expense $440.64, Debit Premium on Bonds Payable $159.36 and Credit Cash $600

Explanation:

Amount paid in cash = $10,000 * 6% = $600

Interest expense = $11,016 * 4% = $440.64

Amortization of premium on bonds payable = Amount paid in cash - Interest expense

Amortization of premium on bonds payable = $600 - $440.64

Amortization of premium on bonds payable = $159.36.

Debit Interest Expense $440.64

Debit Premium on Bonds Payable $159.36

Credit Cash $600

5 0

2 years ago

As a rule, a profit-maximizing restaurant owner employs each factor of production up to the point at which the value of the marg

Degger [83]

Answer:

last

equal

Explanation:

A profit maximising producer would produce up to the point where the marginal product of the last unit of factor employed equals the factors price.

After, this point is reached, diminishing returns sets in

7 0

3 years ago

Botosan Factory has budgeted factory overhead for the year at $717,474, and budgeted direct labor hours for the year are 364,200

Mila [183]

Answer:

$652,858

Explanation:

Predetermined overhead rate = Budgeted Overheads ÷ Budgeted Activity

= $717,474 ÷ 364,200

= $1.97 per direct labor hour

Allocated overheads = Predetermined overhead rate x Actual Activity

= $1.97 x 331,400 direct labor hours

= $652,858

therefore,

The overhead allocated for May is $652,858.

6 0

3 years ago

Assume that you have a subsidiary in Australia. The subsidiary sells mobile homes to local consumers in Australia, who buy the h

denis-greek [22]

Answer: Appreciate

Explanation:

When a country increases interest rates, it will lead to an appreciation in currency. This is because there will be more demand for the currency of the country because people will want to take advantage of the higher interest rates and make a gain.

As the demand for the currency increases but the supply stays the same, the value of the currency will appreciate.

With Australia taking up their interest rates, their dollar will appreciate in value.

5 0

3 years ago

Martin is the daytime supervisor for a packaging assembly line. He supervises 38 workers who perform routine jobs that require m

nadya68 [22]

Answer: E. Martin likes to provide the guidance and support needed by employees and ties meaningful rewards to accomplishment of objectives.

Explanation: Path-goal model of leadership is said to be a theory based on a specify leader behavior that best suit his employees and the work environment that would help achieved set goals. The main aim of path-goal model of leadership is to increase employees morale, motivate and empower them.

Martin is following this model to provide the needed guidance and support the employee working under him requires.

6 0

3 years ago