When a bond is sold between coupon payment dates, the buyer pays the seller for the _____, which is the prorated share of the upcoming coupon payment.
A. accrued interest
B. prepaid interest
C. bond premium
D. bond discount
E. discount
Answer: A
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Risk identification:
A) is something completely different from loss identification B) is only relevant for firms making products that have moving parts C) can lead to financial loss D) is also called loss identification in the insurance industry
The ________ role is the set of behaviors that a person in a position believes he or she should enact.
A. expected B. organizational C. envisioned D. perceived
Outlining increases the chance of leaving out an essential idea or including an unessential idea.
Answer the following statement true (T) or false (F)
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 6.5ounces$2.00per ounce$13.00Direct labor 0.2hours$23.00per hour$4.60Variable overhead 0.2hours$6.00per hour$1.20The company reported the following results concerning this product in June. Originally budgeted output 2,700unitsActual output 2,800unitsRaw materials used in production 19,380ouncesPurchases of raw materials 21,400ouncesActual direct labor-hours 500hoursActual cost of raw materials purchases$40,660 Actual direct labor cost$12,050 Actual variable overhead cost$3,100 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the
materials are purchased.The variable overhead rate variance for June is: A. $100 F B. $112 F C. $100 U D. $112 U