Answer: a. $648,125
b. $551875
Explanation:
a. Using the implied selling price of 129 5/8. what are the issuer's cash proceeds from issuance of these bonds?
Bonds Face Value = $500,000
Cash Proceeds will then be:
= 129.625% × $500,000
= $648,125
b. What total amount of bond interest expense will be recognized over the life of these bonds?
20 payments of $35000 = $700000
Pee value at maturity = $500000
Total repaid = $1200000
Less: Amount borrowed = $648125
Total bond Interest expense = $551875
Answer:
The expected January 31 Accounts Payable balance is $6,590
Explanation:
The December Accounts Payable balance is $7,900 - this is the 50% purchase amount in December and will be paid in January.
In January, Fortune Company will pay 50% purchase amount in December and 50% purchase amount in January.
Expected payment = $7,900 + 50% x $13,180 = $14,490
At January 31, the expected Accounts Payable balance:
$13,180 x 50% = $6,590
The most desirable bundle of rights in time-sharing gives the buyer privileges to rent or sell the interest in the property. These rights are known as Livery of Seisin. Livery of Seisin refers to owning something and having the right to sell it. When a consumer owns a time-share, they have the rights to rent or sell the property during their allotted time during the year they have the property.
Acoording to the information provided above, I'm definitely sure that M<span>aria’s management perspective is best described as </span>contemporary. Her strategy is called quality control.
Answer:
$2,000 and it is favourable
Explanation:
Direct material quantity variance is defined as the efficiency with which materials are converted into products. It is calculated by multiplying standard price of material by the difference between standard quantity and actual quantity used.
Standard price (SP)= $2.50
Standard quantity (SQ)= 30,000 units
Actual quantity (AQ)= 29,200 units
Material quantity variance = SP * (SQ - AQ)
Material quantity variance= 2.50 * (30,000 - 29,200)
Material quantity variance= $2,000
