Answer:
manufacturing overhead
Explanation:
Since the manufacturing overhead comprises of all the indirect cost related to the factory like - depreciation on factory equipment, property taxes, indirect labor, indirect material, manager salary who worked for factory, etc
Since indirect labor has come under the manufacturing overhead so, the same is debited to manufacturing overhead as indirect labor is incurred
Answer:
The current value of the Bond is $807.03
Explanation:
The price of the bond can be calculated by taking the present values of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond.
According to the given data
Face value of the bond = F = $1,000
Coupon payment = C = $1,000 x 4.5% x 6/12 = $22.5 Semiannually
Number of periods = n = 25 years x 2 = 50 period
s
YTM = 6% / 2 = 3%
Price of the bond is calculated by using following formula:
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Placing all the available values in the formula
Price of the Bond = $22.5 x [ ( 1 - ( 1 + 3% )^-50 ) / 3% ] + [ $1,000 / ( 1 + 3% )^50 ]
Price of the Bond = $578.92 + $228.11
Price of the Bond = $807.03
Can you imagine yourself doing this for the rest of your life? Is this what I’m truly passionate about? Will I be able to life off this income?