If a company uses the effective interest method to amortize a bond discount, does the interest expense increase, decrease, or stay the same over time? Explain.
What will be an ideal response?
Amortization of a bond discount using the effective interest method will cause interest expense to increase over time because interest expense is being recognized on a larger and larger amount of principal each year.
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Which of the following statements regarding IRAs is false?
A. The ability to make deductible contributions to a traditional IRA and nondeductible contributions to a Roth IRA may be subject to phase-out based on modified AGI. B. Taxpayers who participate in an employer-sponsored retirement plan may be allowed to make deductible contributions to a traditional IRA. C. A taxpayer may contribute to a traditional IRA in 2020 but deduct the contribution on her 2019 tax return. D. Taxpayers who have made nondeductible contributions to a traditional IRA are taxed on the full proceeds when they receive distributions from the IRA.
In a(n) ____________________ factorial experiment, data for all possible combinations of the levels of the factors are gathered
Fill in the blank(s) with correct word
Handerson Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 8.5kilos$6.00per kiloDirect labor 0.4hours$20.00per hourVariable overhead 0.4hours$6.00per hourThe company reported the following results concerning this product in August. Actual output 3,200unitsRaw materials used in production 29,030kilosPurchases of raw materials 31,600kilosActual direct labor-hours 1,160hoursActual cost of raw materials purchases$195,920 Actual direct labor cost$22,736 Actual variable overhead cost$7,540 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The labor rate variance for August is:
A. $512 F B. $512 U C. $464 F D. $464 U
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. A low interest rate economic environment is more likely to be accompanied by [lower unemployment | higher unemployment].