ABC Corp. issued $100,000 of bonds at a premium; as a result, the company:
A. received less than $100,000.
B. received $100,000.
C. received more than $100,000.
D. will pay the bondholders more money on the maturity date than it received on the issue date.
Answer: C
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Jason Inc. maintains a qualified profit-sharing plan for its employees. This year, Jason contributed $2,300 to Ms. Preston's profit-sharing account. Which of the following statements is true?
A. Jason can't deduct the contribution, and Ms. Preston does not include the contribution in gross income. B. Jason can deduct the contribution, but Ms. Preston does not include the contribution in gross income. C. Jason can't deduct the contribution, but Ms. Preston must include the contribution in gross income. D. Jason can deduct the contribution, and Ms. Preston must include the contribution in gross income.
The region that contains the genetic information in a bacterial cell is called the
A. nucleolus. B. nucleoprotein. C. nucleosome. D. nucleoid. E. nucleus.
The state of Ohio has passed a law requiring that every automobile be inspected at least once a year for pollution control. Anson Enterprises is considering entering into this type of business. After extensive studies, Mark Anson has developed the following set of projected annual data on which to make his decision: Direct service labor $363,000.00 Variable service overhead costs 270,000.00 Fixed
service overhead costs 280,000.00 Marketing expenses 120,000.00 General and administrative expenses 170,000.00 Minimum profit 90,000.00 Cost of assets employed 500,000.00 Anson believes that his company will inspect 100,000 automobiles per year. The company earns an average of 18.75 percent return on its assets. The price to be charged for inspecting each automobile using the gross margin pricing method would be calculated as A) ($1,203,000.00 ÷ 100,000 ) + [($1,203,000.00 ÷ 100,000 ) x ($90,000 ÷ $1,203,000.00)]. B) ($1,203,000.00 ÷ 100,000 ) + [($500,000 ÷ 100,000 ) x 0.1875]. C) ($913,000.00 ÷ 100,000 ) + {($913,000.00 ÷ 100,000 ) x [($90,000 + $290,000 ) ÷ $913,000.00]}. D) none of these options.
In PERT, three time estimates (optimistic, most likely, and pessimistic) provide an estimate of the mean and variance for each activity, based on the normal distribution
Indicate whether this statement is true or false.