The most common type of corporate bond, except in the railroad and public utility industries, that carries no special collateral and the borrower issues it on the general credit of the business is called a
a. sinking fund bond.
b. serial funded bond.
c. debenture bond.
d. convertible bond.
e. zero coupon bond.
C
You might also like to view...
A ________ is a seven point rating scale with endpoints associated with bi-polar labels that have semantic meaning
A) semantic differential scale B) Likert scale C) continuous rating scale D) Stapel scale
Zackery Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated lathe. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$7,452 Capacity of the lathe 230hoursActual results: Actual total fixed manufacturing overhead$7,452 Actual hours of lathe use 180hours The cost of unused capacity that would be reported as a period expense on the income statement prepared for internal management purposes would be closest to:
A. $2,448 B. $296 C. $1,620 D. $0
Richard received his credit card bill and noticed an error. He wrote to the company the next week, pointing out the error in his bill. Under the law, what is the credit card's obligation once it receives Richard's letter?
A splendid way to improve the efficiency and effectiveness of virtual teams is to:
A) Have them meet face-to-face occasionally. B) Restrict team members to audio communication only. C) Mandate audio and video in all electronic communication. D) Use e-mail most of the time since the printed word is rarely misinterpreted.