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Burka
1 month ago
15

When the effective interest rate method of amortization is used, the amount of interest expense for a given period is calculated

by multiplying the face rate of interest by the bond's carrying value at the beginning of the given period. True/False?
Business
1 answer:
marusya05 [3.4K]1 month ago
8 0

Answer: The assertion in the question is false.

Explanation: In calculating interest expenses using the effective interest rate method of amortization, the market interest rate is applied, multiplied by the bond value at the start of the respective period. The question incorrectly states that the face value is considered, which is inaccurate.

Thus, the claim in the question is false.

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John Rawls owns and operates Philosophical Consulting, Inc. During 2019 and 2020 he made the following purchases of assets for u
soldi70 [3439]

Answer:

The correct answer is "600000".

Explanation:

The values provided are:

Cost of office furniture,

= $100,000

Cost of the computer system,

= $500,000

  • The revised MACRS allows a corporation to gradually reduce the mortgage balance of such depreciating assets.
  • In the initial years, MACRS permits accelerated depreciation but then slows down the process. This is advantageous for businesses from a taxation perspective.

Now,

The cost recovery deduction is calculated as:

= Office \ furniture+Computer \ system

Substituting the values gives us

= 100000+500000

= 600000

6 0
1 month ago
Samuelson will produce 20,000 units in January using level production. If each unit costs $500 to manufacture, what is the dolla
soldi70 [3439]

Answer:

The monetary value of the ending inventory amounts to $7,500,000

Explanation:

To determine the dollar value of the ending inventory, the following formula should be applied:

Ending inventory = (Beginning inventory + production - sales). $

Here are the values for this case:

- Beginning inventory: 10,000 units

- Production for January: 20,000 units

- Sales during January: 15,000 units

Ending inventory = 10,000 + 20,000 - 15,000

Ending inventory = 15,000 units

Dollar value = 15000 units × $500 = $7,500,000

5 0
7 days ago
Ben is assigned by his employer to improve an ultrasonic range-finding device. While working on the improvement, he recognizes t
soldi70 [3439]

Answer:

1. He has yet to advance the concept

2. His boss is aware of his pacifist beliefs, so Ben faces the dilemma of whether it is ethically sound to create a product potentially usable for warfare.

Explanation:

In this case, Ben has entered into a contract with his employer stating that all concepts he formulates during his employment are owned by the company.

Such agreements are standard practice and grant companies rights over the innovations created by their staff.

Despite this, Ben's pacifism presents an ethical conflict as he contemplates an idea that might turn an ultrasonic range-finding device into a weapon.

He defends his stance by asserting that no development on this idea has occurred and believes his employer will not press him to work on such technology given his pacifist views.

7 0
13 days ago
What may happen to Eli and his father? Check all that apply.
Nady [3242]
The answers are options 2, 3, and 4.
3 0
11 days ago
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1. How have the division and coordination of labor evolved at Merritt’s Bakery from its beginnings to today? 2. Describe how spa
arsen [3236]

Respuesta:

La división y coordinación del trabajo evolucionaron con la expansión en 1993 debido a una alta demanda, mediante la creación de una estructura organizativa que formaliza roles y responsabilidades

Explicación:

A medida que Merritt's Bakery crecía, los dos fundadores no pudieron satisfacer la demanda incluso trabajando 20 horas al día. Con la implementación de la coordinación y la división del trabajo, la panadería funcionó de manera más eficiente y permitió una mayor expansión

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