Lassen Corporation issued ten-year term bonds on January 1, 2010, with a face value of $800,000 . The face interest rate is 6 percent and interest is payable semi-annually on June 30 and December 31 . The bonds were issued for $690,960 to yield an effective annual rate of 8 percent. The effective interest method of amortization is to be used. The entry to record the bond interest expense on the
first interest payment date is: (Round answer to the nearest dollar.)
a. Bond Interest Expense 24,000
Cash 24,000
b. Bond Interest Expense 27,638
Unamortized Bond Discount 3,638
Cash 24,000
c. Bond Interest Expense 27,638
Cash 27,638
d. Bond Interest Expense 27,638
Unamortized Bond Discount 27,638
B
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Sally, Greg, Juan, and Amar are working on a project for a customer that is aimed at cutting the client's electrical costs. The four members of this workgroup are located throughout the Midwest, and they are utilizing the phone, e-mail, and collaborative computing to complete this project. This workgroup is an example of a
A. modular group. B. cross-focus group. C. geographic team. D. matrix team. E. virtual organization.
A year after she assisted Thomas Engineering in making changes to an employee incentive plan, Kara, an OD consultant, is visiting the company to determine if the changes were helpful. Kara will compare sales and turnover data from the last three years to the current year. Kara is in the ______ stage of the OD process.
A. refreezing B. intervention C. diagnosis D. evaluation E. adaptation
How much of the sales performance gap is due to price decline?
A) 28.5 percent B) 37 percent C) 2.5 percent D) 71.4 percent E) 0.4 percent
Which of the following is included in the numerator of the acid-test ratio?
A) cash including cash equivalents, inventory, short-term investments, net current receivables B) accounts receivable and inventory C) cash including cash equivalents, short-term investments, net current receivables D) total current assets