What is a deferred coupon bond?
What will be an ideal response?
Deferred-coupon bonds are coupon bonds that let the issuer avoid using cash to make interest payments for a specified number of years. There are three types of deferred-coupon structures: (1) deferred-interest bonds, (2) step-up bonds, and (3) payment-in-kind bonds.
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Phann Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:InputsStandard Quantityor HoursStandard Priceor RateStandard CostDirect materials2.8kilos$8.50per kilo$23.80Direct labor0.50hours$22.00per hour 11.00Fixed manufacturing overhead0.50hours$12.00per hour 6.00Total standard cost per unit $40.80?The standard fixed manufacturing overhead rate was based on budgeted fixed manufacturing overhead of $90,000 and budgeted activity of 7,500 hours.During
the year, the company completed the following transactions:a. Purchased 59,000 kilos of raw material at a price of $9.20 per kilo.b. Used 51,340 kilos of the raw material to produce 18,300 units of work in process.c. Assigned direct labor costs to work in process. The direct labor workers (who were paid in cash) worked 8,850 hours at an average cost of $23.70 per hour.d. Applied fixed overhead to the 18,300 units in work in process inventory using the predetermined overhead rate multiplied by the number of direct labor-hours allowed. Actual fixed overhead costs for the year were $79,400. Of this total, $22,400 related to items such as insurance, utilities, and indirect labor salaries that were all paid in cash and $57,000 related to depreciation of manufacturing equipment.e. Completed and transferred 18,300 units from work in process to finished goods.Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,070,000$28,560$0$61,200$523,500=a.?????=b.?????=c.?????=d.?????=e.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$1,683,260a.???????b.???????c.???????d.???????e.???????When the work in process is completed and transferred to finished goods in transaction (e) above, the Finished Goods inventory account will increase (decrease) by: A. ($771,325) B. $746,640 C. ($746,640) D. $771,325
Which element below is defined as a belief in a person’s ability to perform work tasks successfully?
a. Capability b. Self-determination c. Competence d. Adequacy
Firms use a differentiated targeting strategy because
A. most market segments are too small to be profitable. B. it is better than focusing on individual or small groups of potential customers. C. it is easier than mass marketing. D. it helps obtain a bigger share of the market. E. banks are more willing to extend credit to companies with this strategic approach.
Given an actual demand this period of 103, a forecast value for this period of 99, and an alpha of .4, what is the exponential smoothing forecast for next period?
A) 94.6 B) 97.4 C) 100.6 D) 101.6 E) 103.0