Cash interest is computed annually when a bond is issued for other than its face value. For a bond issued at a premium, how will this component change as the bond approaches maturity?
a. decrease
b. increase
c. remain constant
d. not enough information given to decide
c
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Your older brother turned 35 today, and he is planning to save $7,000 per year for retirement, with the first deposit to be made one year from today. He will invest in a mutual fund that's expected to provide a return of 7.5% per year. He plans to retire 30 years from today, when he turns 65, and he expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can he spend each year after he retires? His first withdrawal will be made at the end of his first retirement year.
A. $58,601 B. $61,686 C. $64,932 D. $68,179 E. $71,588
Harrison, Inc, has computed direct labor standards for the manufacture of its product to be 4 hours of labor per product at a cost of $15 per hour. During March, Harrison produced 45 products in 190 hours and incurred direct labor costs of $2,720 . Harrison's direct labor efficiency variance was
a. $20 (U). b. $130 (U). c. $150 (U). d. $130 (F).
Daniel’s team has worked through many of its conflicts, understands expectations and has shifted its efforts to accomplishing the task at hand. The team is at the ______ stage of group formation.
A. adjourning B. performing C. norming D. forming
The U.S. Court of Appeals for the Federal Circuit reviews decisions of the Merit Systems Protection Board, the Patent and Trademark Office, and the U.S. Court of Veterans Appeals
a. True b. False Indicate whether the statement is true or false