If the amount of factory overhead cost incurred exceeds the amount applied, the factory overhead account will have a:_____

Taylor Company neglected to amortize the discount on outstanding ten-year bonds payable. What is the effect of the failure to re

damaskus [11]

Answer:

Taylor Company

The negligence to amortize the discount on outstanding ten-year bonds payable is the understatement of interest expense for each year. This means that the interest expense will be the same for each year instead of increasing by the amortized discount amount. The same applies to the bond carrying value, which will remain the same throughout the period.

Explanation:

The discount on bonds payable is an additional interest expense, which is written off yearly over the bonds' maturity period through amortization. It increases the amount of the periodic interest payment by the amortized discount.

4 0

2 years ago

Which type of economy best represents individual preferences and a lack of government interference?

goldenfox [79]

Answer:

Market

Explanation:

A market economy also is known as a free economy

In a market economy, individuals and businesses have the freedom to choose what they will buy or sell. They also determine the quantities, time, and the prices of the goods and services produced.

In the market economy, the government and the market are separated. It means that the government does not interfere with the operations of the market. Self-interests drive Individuals' and firms' actions. The economy will have a wide range of goods and services which offer customer options when buying.

Market economies are a hypothesis. No country in the world operates a pure market economy. The US economy, which gives buyers and sellers the freedom to choose, has some government interfere in the form of regulation.

5 0

3 years ago

The management of Kawneer North America is considering investing in a new facility and the following cash flows are expected to

Over [174]

Answer:

6.34 years

Explanation:

Year Cash outflow Cash inflow Net cash flow Cumulative cash flow

1 ($1,900,000) $95,000 ($1,805,000) ($1,805,000)

2 ($550,000) $205,000 ($345,000) ($2,150,000)

3 $360,000 $360,000 ($1,790,000)

4 $485,000 $485,000 ($1,305,000)

5 $510,000 $510,000 ($795,000)

7 $595,000 $595,000 $395,000

8 $305,000 $305,000 $700,000

9 $255,000 $255,000 $955,000

10 $250,000 $250,000 $1,205,000

Payback period = 6 + 200,000/ 595,000

Payback period = 6 + 0.3361345

Payback period = 6.336134

Payback period = 6.34 years

So, the payback period of this uneven cash flow is 6.34 years.

3 0

3 years ago

why might an individual pursue a career in education and training career cluster pursue a career helpppppp

slava [35]

Answer:

There are different kind of careers that one can pursue in life; in order to choose a particular career, one has to consider some important factors.

The most important factor to consider in this case is your interest and passion. What are your interests? Which type of work can you do continuously every day and you will not be bored? That is the first thing you must figure out.

So, for an individual to consider pursuing a career in the education and training cluster, that person must have passion for imparting knowledge, he must be someone, who derive joy from teaching people and making them better than he met them.

Other important factors that must be considered include the following:

Suitable skills: you must have inborn talents that can be used in training people. Talents such as ability to express yourself clearly will help you in the education sector.

Academic qualifications: depending on the specific level of education, where you want to get involved, you must be prepared to get the required qualifications. For instance, to teach at a University level, you must have a doctorate degree in your field.

Job availability: another factor that you must consider is availability of jobs in your area of interest. Is teaching job easily available in your environment?

Income: The amount of money you can possibly earn as a teacher is also very important. You need to investigate how much you can earn as a teacher and decide if you are comfortable with the amount or not before you go ahead.

6 0

3 years ago

What is the function of a 3-compartment sink?

lord [1]

One for washing one for rinsing and one for sanitizing the dishes

8 0

2 years ago

If the amount of factory overhead cost incurred exceeds the amount applied, the factory overhead account will have a:______