On January 1, 2007, the Horton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $196,000. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 2011. Horton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31, 2007, is
A) $19,800
B) $19,200
C) $20,800
D) $24,000
C
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Which of the following business sources are helpful for identifying manufacturers operating in your market, for compiling names and addresses of associations in your sales territory, or for verifying names and addresses of prospective customers who
carry a specific job title? A) guides B) indexes and bibliographies C) directories D) nongovernmental statistical data E) census data
Benitez Company currently outsources a relay switch that is a component in one of its products. The switches cost $20 each. The company is considering making the switches internally at the following projected annual production costs: Unit-level material cost$3 Unit-level labor cost$2 Unit-level overhead$1 Batch-level set-up cost (5,000 units per batch)$25,000 Product-level supervisory salaries$37,500 Allocated facility-level costs$20,000 The company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space currently being leased to another company for $1,500 a month. If the company decides to make the parts, total costs will be:
A. $27,000 less than if the switches are purchased. B. $30,500 more than if the switches are purchased. C. $10,500 more than if the switches are purchased. D. $20,000 less than if the switches are purchased.
A difficulty associated with the equal store organization is that quantity discounts and buying power advantages are lost due to decentralized buying in branch locations
Indicate whether the statement is true or false
Acme Global matches its employees’ contributions to charities. In other words, if an employee gives $100 to a nonprofit agency, Acme Global gives $100 as well. It appears Acme Global is reaching the ________ level of corporate social responsibility.
A. legal B. ethical C. benevolent D. social