Answer: C. interest expense will not be a constant dollar amount over the life of the bond.
Explanation:
When a bond is sold at a discount, the discount will have to be amortized over the life of the bond to ensure that it reaches par at maturity.
As a result, the interest expense will be based on a larger figure every year which would mean that it would have to be larger each time. t will therefore not be a constant dollar amount over the life of the bond.
D, 12,500. Since she makes 50,000 she falls under the 25% zone and 25% of 50,000 is 12,500. Find that by doing 50,000 times 0.25
Answer:
1.267 = Overhead Rate
Explanation:
<em>As general approach,</em> the manufacturing rate, along with any rate is done by dividing the cost by a cost driver.
In this case teh cost is the manufacturing overhead and the cost driver the direct materials cost:
<em>Using Direct Materials cost, the rate would be:</em>
Answer:
B) liabilities.
Explanation:
When the payment is received from the customer before performing the services is known as unearned service revenue
The journal entry is
Cash A/c Dr XXXXX
To Unearned Service revenue A/c XXXXX
(Being advance payment is received)
We simply debited the cash account as cash is received and credited the respective account i.e unearned service revenue
In my opinion, i think this happens because different majors can you get different jobs, where people are making different amounts of money! so if you had a education degree, it would take longer to pay it “off” verses say a law degree! hope that kinda helped :)
