The annual interest expense on a $50,000, 15-year, 1 . percent bond issued for $45,650 plus accrued interest 6 months after authorization, assuming straight-line amortization, would be
a. $5,300
b. $5,025
c. $5,000
d. $4,975
A
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When Cisco Systems told executives they would gain or lose 30 percent of their bonuses based on how well they worked with peers, and in three years had record profits, the company
A. reduced destructive internal competition. B. increased productivity. C. increased speed. D. reduced costs. E. improved workplace cohesiveness.
If a subsidiary is guilty of fraud the parent company is not guilty unless it knew of or participated in the fraud
Indicate whether the statement is true or false
All of the following are burdens to society because of the presence of risk EXCEPT
A) The size of an emergency fund must be increased. B) Risk provides an incentive for people to engage in loss control. C) Society is deprived of certain goods and services. D) Mental fear and worry are present.
The type of business organization formed most easily is the
a. limited liability company. b. sole proprietorship. c. limited partnership. d. partnership.