A time deposit or term deposit is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its “term”. Time deposits differ from at call deposits, such as savings or checking accounts, which can be withdrawn at any time, without any notice or penalty.
Answer:
235,000 total overhead
Explanation:
First we calculate the rate for activity
Next, we apply this rate to desk lamp
Total Overhead will be the sum of each activity overhead
40,000.00 + 75,000.00 + 120,000.00 = 235,000 total overhead
Answer:
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Answer: The answer is SITUATIONAL ANALYSIS
Explanation: A SITUATIONAL ANALYSIS is the gathering of methods to analyse the internal and external factors of a business inoder to get a clear picture of the business environment.
A situational analysis is also called a SWOT analysis that measures the strengths, weaknesses, opportunities and threats.
Answer:
Interest expense 2894.7 debit
discount on Bonds Payable 394.7 credit
cash 2500 credit
Interest expense 2906.55 debit
discount on Bonds Payable 406.55 credit
interest payable 2500 credit
Explanation:
We have to solve for the 2013 year which is one year after the issuance ofthe bonds.
We solve for the bond issuance price and then, we construct the bonds schedule and take the numbers from period 3 and 4.
Issuance proceeds: present value fo the coupon payment and maturity at market rate:
C 2,500.000
time 10
rate 0.03
PV $21,325.5071
Maturity 100,000.00
time 10.00
rate 0.03
PV 74,409.39
PV c $21,325.5071
PV m $74,409.3915
Total $95,734.8986
Now we will calcautlethe interest expense by multiplying carrying value by the market value and sutract from the cash outlay to determinate the amortization on the bonds.