Assume that a 15-year, $1,000 face value bond pays interest of $37.50 every 3 months. If an investor requires a simple annual rate of return of 12 percent with quarterly compounding, how much should the investor be willing to pay for this bond?
A. $1,204.33
B. $1,207.57
C. $986.43
D. $1,089.53
E. $438.10
Answer: B
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Marielle points out during the meeting that the group has fallen a half hour behind schedule according to the agenda, and should get back to the important work at hand. She is performing a ______ role.
A. relational B. task C. maintenance D. social E. production
On June 30, Caroline, Inc. finished Job 750 with total job costs of $4400 and transferred the costs to Finished Goods Inventory. On July 6, Caroline sold goods from Job 750 to a customer for $6000 cash. Which of the following is the correct entry needed to record the revenue earned? Assume the perpetual inventory system is used.
A) debit Finished Goods Inventory $4400 and credit Sales Revenue $4400 B) debit Cash $6000 and credit Sales Revenue $6000 C) debit Sales Revenue $6000 and credit Cash $6000 D) debit Cost of Goods Sold $4400 and credit Sales Revenue $4400
"Team-building is nice to have for a project, but we really need to concentrate on the planning and technical challenges-this is the make-or-break point for this project." Agree or disagree? Support your answer.
Fill in the blank(s) with the appropriate word(s).
The New Jersey Concord is a magazine that targets the members of various law enforcement agencies in the state of New Jersey. Purely as a medium of advertisement, the magazine offers manufacturers of guns and bulletproof vests greater
A. reproduction. B. permanence. C. geographic reach. D. demographic selectivity. E. flexibility.