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Answer:
6.64%
Explanation:
The pretax cost of debt is the Yield to Maturity (YTM). Since the coupons are paid semiannually, adjust the duration and the coupon payment amount to semi-annual terms.
You can solve for the YTM using a financial calculator with the following inputs;
Maturity of the bond; N = 20*2 = 40
Face value ; FV = 1000
Semi-annual coupon payment ; PMT = (7%/2)*1000 = 35
Current price of the bond; PV = -1.04*1000 = -1040
Then compute the semiannual interest rate ; CPT I/Y = 3.318%
Therefore, pretax cost of debt; YTM = 3.318 *2 = 6.64%
Answer:
$10,181
Explanation:
Given that,
Unadjusted Cash Balance as of may 31 = $9,58
Interest revenue = $18
Note Collected by Bank = $700
NSF check = $98
Bank service charges = $25
Outstanding checks = $1,461
deposits in transit as of May 31 = $210
True Cash Balance as of May 31:
= Unadjusted Cash Balance as of may 31 + Interest Earned + Note Collected by Bank - NSF check - Bank charges
= $9,586 + $18 + $700 - $98 - $25
= $10,304 - $123
= $10,181
Answer:
$604,800
Explanation:
Applied manufacturing overhead is the manufacturing overhead that has been applied to production in a period.
it is calculated with the formula "budgeted overhead rate * actual labor hr"
Budgeted manufacturing overhead = $562,800
Budgeted Direct labor hours = 20,100
Budgeted Overhead rate = 562800/20100 =$28/hr
Actual manufacturing overhead = $543,705
Actual direct labor hours = 21600
Amount of manufacturing overhead applied = predetermined overhead rate * actual hr =28*21600
=$604,800
The placement of an employee in another job for which the duties, responsibilities, status, and remuneration are approximately equal to those of the previous job is known as a: transfer. Sometimes a lateral
