NAFTA has had a modest positive effect on U.S. net exports, income, investment, and jobs
Indicate whether the statement is true or false
True
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An ordinary annuity is a series of equal payments made at the end of equal intervals of time
Indicate whether the statement is true or false
Third parties cannot sue accountants for breach of contract
Indicate whether the statement is true or false
?Modiste, Inc. manufactures two kinds of bagslong dash—totes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $ 24 comma 500$24,500. Additional estimated information is given below.
Totes Satchels Direct materials cost per unit $ 34$34 $ 43$43 Direct labor cost per unit $ 52$52 $ 63$63 Number of units 510510 390390 Calculate the predetermined overhead allocation rate. A.92.38?% B.47.95?% C.100.29?% D.1.40?%
[The following information applies to the questions displayed below.]On January 1, Year 1, Hanover Corporation issued bonds with a $70,500 face value, a stated rate of interest of 8%, and a 5-year term to maturity. The bonds were issued at 97. Hanover uses the straight-line method to amortize bond discounts and premiums. Interest is payable in cash on December 31 each year.The journal entry used to record the interest payment on December 31, Year 2 would be:
A.
| Discount on Bonds Payable | 423 | |
| Cash | 423 |
B.
| Interest expense | 6,063 | |
| Discount on Bonds Payable | 423 | |
| Cash | 5,640 |
C.
| Interest expense | 5,640 | |
| Discount on Bonds Payable | 423 | |
| Cash | 5,217 |
D.
| Interest expense | 423 | |
| Cash | 423 |