Answer:
Option E, is correct as effective interest $ 120,839
Explanation:
The coupon interest payable semi-annually is computed thus:
Semi-annual coupon =13%/2*$2000000
=$130,000
However the bond was issued at premium, using effective interest the first interest payment is calculated on the actual issue value of the bond of $2,197,080 using the market rate of interest
effective interest=11%/2*$2,197,080
=$ 120,839.40
Hence,the interest expense based on effective interest is $120,839 rounded to the nearest whole number
Option D is wrong because the effective interest is a semi-annual interest not an annual one.
Answer:
Order size= $57.61 per machine hour
Explanation:
Giving the following information:
Order size:
Estimated total overhead= $581,866
Estimated total machine hours= 10,100
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Order size= 581,866 / 10,100
Order size= $57.61 per machine hour
Answer:
C, a primary form of corporate giving
Explanation:
Corporate giving can be defined as gifts or donations made by a corporation to its environment.
It can also be said to be the social and/or philanthropic contributions of a corporation to its environment.
Clause-related marketing is one in which a corporation uses its activities to market another corporation.
This type of marketing is an form of corporate giving as it helps to put focus on the other company through its own activities in that company.
Cheers.
Answer:
Explanation:
Principal Payment $160
Her Employee help to add $80
Total principal is (160+80)= $240
At a rate of 0.45
For a time of 35years
We will compound her amount
Using compound interest formula
A=P(1+r/n)^nt
Where,
P = principal amount = $240
r = annual rate of interest =0.45
t = number of years the amount invested =35years
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year=12months
Therefore,
A=P(1+r/n)^nt
A=240(1+0.43/12)^35×12
A=240(1+0.03583)^420
A=240(1.03583)^420
A=240×2.641
A=$633.814
The amount is approximately $633.814
The answer to your question is False
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