The ________ is a market derived interest rate used to discount the future cash flows of the bond
A) coupon rate
B) semiannual coupon rate
C) yield to maturity
D) compound rate
Answer: C
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Tomkin Library System issues $5 million in bonds on January 1, 2021 that pay interest semi-annually on June 30 and December 31. A portion of the bond amortization schedule appears below:DateCash PaidInterest ExpenseDecrease in Carrying ValueCarrying Value01/01/2021 $5,500,000 06/30/2021$250,000 $220,000 $30,000 5,470,000 12/31/2021 250,000 218,800 31,200 5,438,800 What is the total cash paid for interest assuming the bonds mature in 7 years?
A. $5,000,000. B. $8,500,000. C. $5,500,000. D. $3,500,000.
Which of the following most likely requires the smallest advertising budget?
A) products in competitive markets B) undifferentiated brands C) new products D) low-share brands E) mature brands
James Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. Direct materials quantity standard 5 pounds per product Direct labor time standard 3 hours per product Direct materials price standard $9 per pound Direct labor rate standard $8 per hour Standard variable overhead rate $10 per labor hour Standard
fixed overhead rate $11 per labor hour Using the above information provided for James Corporation, the standard unit cost for direct materials is A) $45. B) $10. C) $24. D) $33.
Organizational change is the planned alteration of organizational components to improve the ________________ of organizations.
a. Effectiveness b. Profitability c. Efficiency d. Culture