All of the following are true regarding long-term notes payable except: a. The note’s carrying value at any time equals its face value minus any unamortized discount or plus any unamortized premium.

b. Notes payable are usually issued by a single lender.

c. The market rate of interest at the time of issuance determines the periodic cash payment amount.

d. Over the life of the note, the interest expense allocated to each period is computed by multiplying the market rate by the beginning-of-period balance.

e. The equal total payments pattern has changing amounts of both interest and principal.

Taking commercial paper means the holder acts honestly

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4