Answer:
$8,767.50
Explanation:
Calculation for what Legion should report as bond interest expense for the six months ended
Using this formula
Bond interest expense= Carrying Value of Bond x Effective interest rate
Let plug in the formula
Bond interest expense=$146,125 x 12% yield interest x 6 months/12 months
Bond interest expense=$8,767.50
Therefore what Legion should report as bond interest expense for the six months ended is $8,767.50
Answer:
The three examples of lighting are;
1. General lighting
2. Task lighting
3. Accent lighting
Explanation:
Lighting involves the use of electricity to serve a function. When designing a room, the type of lighting is important in achieving specific aesthetic purposes. The three examples of lighting are; General, task and accent lighting. They are further explained below;
1. General lighting
General lighting is usually meant to illuminate an entire room. It is supposed to make all corners of the room visible in it's entirety. It usually of a soft and flat nature to ensure that it looks as natural as possible. It;'s major function is to get one safely from one point to another. It's not meant for highlighting things on the space, rather the room should be viewed as one homogeneous space. A room of ambient light should give a warm feeling of relaxation especially after a stressful day. It allows the pupils to slightly dilate and also brings the mood of relaxation. Most yoga sessions usually prefer the use of ambient lighting during meditation. The following lights can be used to cause ambient light, namely; chandeliers, pendants, track, recessed and ceiling.
2. Task lighting
Task lighting usually covers a smaller area to illuminate that particular portion of the room. It is a much narrower and more concentrated type of light. Sometimes referred to as office lighting, this type of lighting works well one trying to concentrate on a specific task. They are majorly used when conducting activities that require a lot of attention that requires one to see more clearly. The tasks can include; sewing, reading, cooking and writing. The task lighting is always effective when it is brighter than the general lighting in a room. When the lighting in the room is brighter than the task lighting, it causes a shadowy effect that affects visibility. Task lighting improves alertness by stimulating your brain to be more active and notice even finer details of your work. The following fixtures can assist in creating task lighting, namely; swing arm lamps, pendants, under cabinet and vanity.
3. Accent lighting
Accent lighting is a special type of concentrate light that serves two purposes. Accent lighting serves to illuminate specific objects or points in a room that are interesting while trying to shadow the dull parts of the same room. Accent lighting adds more flavor and drama to specific objects in a room and is mostly used on objects such as; art work, pieces of furniture, decorative book display and wall decorations. Accent lighting brings a mood of importance and sophistication towards the objects being highlighted. It is majorly used in museums, art shows and buildings with historical meaning. To create accent lighting, the following lights are recommended; Recessed, Wall lights, Landscape and Track.
Answer:
B. July
Explanation:
The principle of revenue recognition arises whenever the income is realized or earned whether cash is collected or not and it also supports the accounting accrual basis. Realizable here means that the customer obtains the product however the payment is made afterward.
So, in the given case, the service is provided in the July month and the same is to be recorded on the July month
Answer:
$1,952 (Positive NPV)
Explanation:
Year Annual CF ($) PV factor at 10.30% PV of Cash Flow ($)
1 17,000 0.90662 15,413
2 17,000 0.82196 13,973
3 17,000 0.74520 12,668
4 17,000 0.67561 11,485
5 17,000 0.61252 10,413
6 17,000 0.55532 9,441
7 17,000 0.50347 8,559
TOTAL 1.73554 81,952
Net Present Value (NPV) = Present value of annual cash flows - Initial Cost
Net Present Value (NPV) = $81,952 - $80,000
Net Present Value (NPV) = $1,952 (Positive NPV)
Answer:
Labor Rate Variance = - $1,188 Unfavorable
Explanation:
Provided labor hours for each radio = 0.9
Standard labor cost per hour = $7.20
Actual labor cost = $48,708
Actual labor hours = 6,600
Actual labor rate = $48,708/6,600 = $7.38
Labor Rate Variance = (Standard Rate - Actual Rate) 
Actual Hours
= ($7.20 - $7.38) 6,600 =<em><u> - $1,188 Unfavorable</u></em>
