If the interest rate on bonds is higher than the current market rate, they will sell at
a. a discount.
b. a premium.
c. face value.
d. maturity value.
b
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In 2019, Ramon sold land that had cost $80,000 for $200,000. The sales agreement called for a $50,000 down payment and a $50,000 payment plus 8% interest to be received on the first day of each year for the next three years. What would be the consequences of the following (treat each part independently and assume that Ramon uses the installment method whenever possible): a.In 2019, Ramon gave one of the $50,000 installment obligations to a close relative. b.In 2019, Ramon transferred the installment obligations ($50,000) to his 100% owned corporation. c.Ramon collected the $50,000 plus $12,000 interest on January 1, 2020, and died on January 2, 2020.?
What will be an ideal response?
Andre has been accused of exhibiting too much political behavior at work in the past. According to the text, what is one way he can reduce this perception of his political behavior?
A. focus on developing his own power in an organization B. get others to do what he wants C. make more effective decisions D. expand his knowledge of the political network in his organization.
As part of a company's normal course of business, errors, omissions, and changes occur in the financial statements. Certain items may be reported on the income statement, some may directly adjust the balance in retained earnings, while others do not affect the current period's income statement or retained earnings. Required:
a. Consider a change in estimate, such as the useful life of an asset moving from five to eight years. How is this handled on the income statement and/or through the retained earnings account? b. Consider an error/omission, such as merchandise inventory being left out of the final yearly count. How is this handled on the income statement and/or through the retained earnings account?
Customized service agreements add value to a sale by:
A) allowing salespeople to charge more money for features that are usually free B) requiring salespeople to spend more time with customers C) convincing customers to spend more money on longer terms D) incorporating the customer's special priorities, feelings, and needs E) requiring that customers trust salespeople to keep their verbal promises