The cost of the bond at costing is $984.50.
<h3>
What is a bond?</h3>
- A bond is a type of financial security in which the issuer (the debtor) owes the holder (the creditor) a debt and is obligated to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified period of time, depending on the terms.
- Interest is usually paid at regular intervals (semiannual, annual, and less often at other periods).
- As a result, a bond is a type of loan or IOU.
- Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, current expenditures.
To determine the cost of the bond at costing:
- $1,000 is the face value.
- Multiply this by the closing rate to find the cost of the bond at closing.
- $1,000 × .9845 = $984.50
Therefore, the cost of the bond at costing is $984.50.
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Answer:
the direct material cost is $47,000
Explanation:
The computation of the direct material cost is shown below:
= Opening balance + purchase made - indirect material - closing balance
= $22,500 + $68,000 - $2,500 - $41,000
= $47,000
hence, the direct material cost is $47,000
The same should be considered and relevant too
Answer:
total expenditures equal total production.
Explanation:
In the case when the economy is in the short-run equilibrium that means the total expenditures should be equivalent to the total production. In other words, we can say that the expenditure that can be incurred should be equal to the production
Hence, the last option is correct
Answer:
Skimming
Explanation:
Price skimming, also known as skim pricing, is a pricing strategy used by those who face little or no competion, what normally happens is that a firm charges a high price and then gradually may need to lowes the price to attract more customers.
Price skimming is used to earn large profits especiallyn when a new product or service is introduced into the market. The pricing strategy is largely useful iwhen the firm is the first to enter the marketplace. The aim of this is to generate the large profit in the shortest time possible.
