Answer:
The selling price of the bond is $6,154
Explanation:
Given data
face value = $5,000
interest = 8% of face value
rate = 6.5%
To determine
the bond's selling price
solution
we will calculate the interest associated with
interest = 8% of face value
interest = 8% × 5,000
interest = 400
Let’s assume the bond’s selling price is x
where
the bond selling equation will be
interest = rate × bond selling price
400 = 0.065 × x
x = 6,154
Thus, the bond’s selling price is $6,154
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Answer:
The factory overhead allocated for each unit of Blinks is b.$19.50
Explanation:
It’s essential to recognize that Ramapo Company applies a single plantwide overhead rate to allocate all overhead costs based on direct labor hours.
The plantwide overhead rate is determined by dividing the Total Overheads of the company by the Total Labor Hours.
Total Overheads:
Fabrication Department $84,000
Assembly Department $72,000
Total $156,000
Total Labor Hours:
Fabrication Department 0
Assembly Department (1,000 × 4) + (2,000 × 2) 8,000
Total 8,000
Note: only the Assembly Department has labor hours.
Plantwide overhead rate:
Plantwide overhead rate = Total Overheads / Total Labor Hours
= $156,000 / 8,000
= $ 19.50
The additional details that must be present on a chemical label include; Precautionary Statements, Hazard Statements, and Contact Information. Precautionary statements indicate suggested actions that should be taken to reduce or avert harmful effects from exposure to the chemical in question. Hazard statements reflect the specific hazards associated with the chemical. Contact information includes the name, address, and phone number of the manufacturer, importer, or responsible party.
