On May 1, 2013, Legacy Corporation sold $250,000 of its 15%, five-year bonds dated January 1, 2013, for 100 plus accrued interest. How much cash was received?
A) $237,500
B) $250,000
C) $262,500
D) $268,750
C
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Tisa is a subordinate who simply acknowledges the power of her superior, Wally, based merely upon his relative position in the hierarchy of authority. She follows Wally because that is his social position in the business. She seldom questions orders and follows them simply because of her role in the hierarchy is to follow orders. Tisa and Wally’s society exemplify which of Hofstede’s dimensions?
a. Collectivistic b. High power distance c. Long-term orientation d. Low power distance
Ten percent of the items produced by a machine are defective. Out of 15 items chosen at random,
a. what is the probability that exactly 3 items will be defective? b. what is the probability that less than 3 items will be defective? c. what is the probability that exactly 11 items will be non-defective?
George has four employees who earned $75,000, $27,000, $2,100, and $6,200 during 2016, respectively. He paid 5.4 percent for state unemployment tax. How much FUTA tax will George owe for the four employees?
a. $133.80 b. $882.40 c. $321.60 d. $224.00 e. $163.70
Which of the following types of interest are not likely to be deductible in 2016?
a. Interest on personal credit cards b. Interest on a $40,000 home equity line used to buy a car c. Interest on a $150,000 mortgage on a principle residence d. Private mortgage insurance premiums e. All of the above are likely to be deductible