Answer and Explanation:
The journal entry to close the manufacturing overhead account is shown below:
Given that
There is applied overhead of $31,500
And, the budgeted overhead is
= 2,000 × $15
= $30,000
As we can see that the budgeted overhead would be lower than the applied overhead so this is an under applied overhead
Cost of goods sold Dr $1,500 ($31,500 - $30,000)
To factory overhead $1,500
(Being the closing of overhead is recorded)
Answer:
Leasing as a capital financing is an alternative for small business for three important reasons: better technology, better capital management and tax incentives.
Explanation:
1. Better technology for the business.
Instead of buying the equipment, a lease is a better option because allows the organization to use cutting edge technology for the operation of a business.
2. Better capital management.
Buying machinery is a capital-intensive activity. Leasing let use the same machinery by less amounts of money and invest capital in other useful activities for the organization.
3. Tax benefits
Leasing is tax deductible. Reducing the fiscal pressure over the small business.
Answer:
Bond Price= $1,774.05
Explanation:
Giving the following information:
Coupon rate= 0.0573/2= 0.02865
YTM= 0.067/2= 0.0335
The bond matures in 23 years.
Par value= $2,000
<u>To calculate the bond price, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 57.3*{[(1 - (1.0335^-46)] / 0.0335} + [2,000/1.0335^46]
Bond Price= 1,334.76 + 439.29
Bond Price= $1,774.05
Answer:
c. It hopes to make more money available for loans
hope this helps!
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