The carrying value, using the effective interest method, would decrease each year:
A. If the bonds were sold at a discount.
B. If the bonds were sold at a premium.
C. If the bonds were sold at either a discount or a premium.
D. The carrying value of bonds will never decrease.
Answer: B
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Thomas Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the Refining Department had 2000 gallons of partially processed product in production. During January, 36,000 gallons were transferred in from the Mixing Department, and 31,000 gallons were completed and transferred out. At the end of the month, there were 7000 gallons of partially processed product remaining in the Refining Department. See additional details below
What was the cost per equivalent unit with respect to direct materials costs for the Refining Department in the month of January? Use the weighted-average method. (Round your calculations to the nearest cent.)
A) $1.29
B) $2.74
C) $1.25
D) $6.80
How do media outlets benefit from using VNRs?
A) Ethical responsibilities are eliminated. B) Additional revenue is generated. C) Compliance with FCC regulations is assured. D) The need for editors is drastically reduced. E) Both time and money are saved.
When an item has a value in the base period and zero in the analysis period, the decrease is 0 percent.
Answer the following statement true (T) or false (F)
Which of the following would NOT be considered a recordable case under the Occupational Safety and Health Act (OSHA)?
A. an employee killed on the job B. a coal miner's black lung disease C. an employee's broken leg suffered in a fall on a slippery spot on the plant floor D. an employee's depression caused by family problems