Answer:
The face amount of the bonds is $7,400,000
Explanation:
The face value or amount of the bonds is the amount that is repaid to the bondholder at the end of the maturity period. The face amount is usually stated on the bond certificate when issued, and the issuer of the bonds is expected to pay this amount at maturity. The amortization schedule of the bonds shows how the interest expense and payments are made and the amortization of either premiums or discounts on the bonds. It helps the issuer to account for the instrument over the maturity period.
Answer:
June 2019
Interest Expense $ 2,531.25 (debit)
Bank $ 2,531.25 (credit)
September 2019
Interest Expense $ 2,531.25 (debit)
Bank $ 2,531.25 (credit)
December 2019
Interest Expense $ 2,531.25 (debit)
Bank $ 2,531.25 (credit)
March 2020
Interest Expense $ 2,531.25 (debit)
Bank $ 2,531.25 (credit)
Explanation:
For each Month, Recognise an Expense - Interest and Also de-recognise the Asset - Cash as interest is being paid.
Interest Expense Calculation = 3/12×$225,000×4.5%
= $ 2,531.25
Answer: "systematic review" .
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Answer:
This is the Predetermined overhead rate
Explanation:
The predetermined overhead rate assigns a particular amount of manufacturing overhead to each direct labor or machine hour. This helps businesses allocate resources and also set pricing. This computation is usually done at the beginning of each period.
To calculate this, we divide the estimate of the manufacturing overhead cost total by the estimated number of machine hours. It is used to assign overhead cost to jobs.
