The Juarez Corporation Incurred the Following Transactions During Its First

question 96

Multiple Choice

The Juarez Corporation incurred the following transactions during its first year of operations. (Assume all transactions involve cash) .Acquired $1,000 of capital from the owners.Purchased $400 of direct raw materials.Used $300 of these direct raw materials in the production process.Paid production workers $400 cash.Paid $200 for manufacturing overhead.Started and completed 200 units of inventory.Sold 50 units at a price of $6 each.Paid $40 for selling and administrative expenses.The amount of cost of goods manufactured would be:

• A) $1,000.
• B) $900.
• C) $800.
• D) $600.

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Definitions:

Coupon

The interest rate on a bond, typically paid semiannually to the bondholders.

Yield To Maturity

An estimate of the annualized return an investor will receive from a bond, assuming it is held until its maturity date, inclusive of all payments.

Par Value

Par value is the face value of a bond or stock as stated by the issuing company, which may differ from its market value; for stocks, it is often a nominal amount.