Matt Enterprises issued $200,000 of ten percent, five-year bonds with interest payable semiannually. Determine the issue price i

Answer:

c. $180 in 2019

Explanation:

The entity employs the accrual accounting method, where revenues are documented on the income statement once earned, regardless of the actual receipt of cash.

On July 1, 2017, the organization sold one-year and two-year memberships. In 2017, The Maroon & Orange Gym, Inc. delivered services for half a year for each contract.

Gross income from one-year membership in 2017 = $40 x 6 = $240

Gross income from two-year membership in 2017 = $30 x 6 = $180

Overall revenue = $240 + $180 = $420

In 2018, the company continued providing services for the remaining 6 months of the one-year membership and the entire 12 months of the two-year membership.

Gross income for the one-year membership in 2018 = $40 x 6 = $240

Gross income from two-year membership in 2018 = $30 x 12= $360

Total income = $240 + $360 = $600

In 2019, the company wrapped up services for the last 6 months of the two-year membership.

Gross income in 2019 = $30 x 6= $180

Answer:  
Devices & Their Corresponding Symbols 
Device 
Name 
 Device
 Symbol
 
 Device
 Image 
 Commentary 
 Notation 
 plan note symbol    
 One of the most crucial symbols found on architectural plans. This symbol indicates that there is a "note" relevant to the device or area 
 Switch
 
 switch electrical symbol 
 light switch  
 Details such as style, possible model numbers, and colors of the switches will be noted in the plans. 
 Switch - 3 Way 
 3-way switch electrical symbol 
 Switch - 4 Way
 4-way switch electrical symbol 
 Switch - Dimmer
 dimmer switch electrical symbol 
 light switch dimmer  
 Information on the style, model numbers, and colors of the dimmers will be included in the notes. 
 Switch - Dimmer - 3 Way 
 3-way dimmer switch electrical symbol 
 Receptacle - Duplex
 
 duplex receptacle electrical symbol 
 duplex receptacle  
 The style, model numbers, and colors of the receptacles will also be included in the notes. 
 Receptacle - Duplex - One Switched
 duplex switched receptacle electrical symbol 
 Receptacle - Duplex - GFCI
 duplex receptacle GFCI electrical symbol 
 duplex GFCI receptacle  
 The receptacles’ styles, model numbers, and colors will be detailed in the plans. 
 Receptacle - Duplex - Waterproof

 
 duplex waterproof receptacle electrical symbol 
 when in use, weatherproof receptacle cover 
  The receptacle itself isn’t waterproof; it’s the cover that safeguards against environmental factors. 
 Receptacle - Single
 single receptacle electrical symbol 
 clock receptacle  
 This receptacle is specifically designed for clocks, featuring a recessed socket to allow the clock to sit flush against the wall. Plans might include a "C" on the bottom right of the symbol to indicate it is tailored for a clock. 
 Receptacle - 240 VAC
 240 VAC receptacle electrical symbol
 240 VAC range receptacle  
 There may be a letter in the lower right corner denoting the receptacle’s purpose, such as "D" for dryer or "R" for range. 
 Receptacle - Quad
 quad receptacle electrical symbol 
 quad receptacle  
 A quad receptacle consists of two duplex receptacles positioned in a double electrical box.

Answer:The marginal propensity to consume (MPC) is 0.65

The multiplier or k = 2.85714 rounded to 2.86

Explanation:

The MPC pertains to the fraction of additional disposable income that consumers choose to spend. It is used to gauge the consumption increase driven by rising income.

MPC can be calculated as follows,

MPC = Change in consumption / change in income

MPC = 0.65 / 1

MPC = 0.65

To derive the multiplier, we apply this formula,

Multiplier or k = 1 / (1 - MPC)

k = 1 / (1 - 0.65)

k = 2.85714 rounded to 2.86

Answer:

Total expenditure= $3,870

Explanation:

Based on the provided data:

predetermined overhead rate= $5.50

For Job A477:

Total direct labor hours: 100

Direct materials cost: $520

Direct labor expenses: $2,800

Now we calculate the overhead allocation:

Allocated manufacturing overhead= Estimated overhead rate * Actual base amount

Allocated manufacturing overhead= 5.50*100= $550

Then, we can compute the total job cost:

Total expense= 520 + 2,800 + 550= $3,870