If a bond is selling for less than its face, or maturity, value and the market interest rate remains unchanged during the life of the bond, then the price (value) of the bond will increase as the maturity date nears.
Answer the following statement true (T) or false (F)
True
If interest rates remain constant, the value of a bond will gradually increase from the current price to its maturity value as the maturity date nears. See 6-5: Interest Rates and Bond Values
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A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the merchandise return on July 7 is:
A. Debit Accounts Payable $200; credit Merchandise Inventory $200. B. Debit Merchandise Inventory $200; credit Sales Returns $200. C. Debit Merchandise Inventory $200; credit Accounts Payable $200. D. Debit Merchandise Inventory $1,600; credit Cash $1,600. E. Debit Accounts Payable $1,800; credit Purchase Returns $200; credit Merchandise Inventory $1,600.
All raw materials, work in process, and finished goods within a supply chain are known as
A) facilities. B) inventory. C) transportation. D) information.
What is the chief advantage of the periodic system?
A. Immediate feedback on the inventory on hand at any time during the period B. Timely discovery of losses due to theft C. Better control over inventory D. Efficiency and ease of recording
On Form I-9, an employer must declarethat an employee produced documents establishing his or her identity and legal employability.?
Indicate whether the statement is true or false