If bonds are issued at a discount, it means that the
A) bondholder will receive effectively less interest than the contractual rate of interest.
B) market interest rate is lower than the contractual interest rate.
C) market interest rate is higher than the contractual interest rate.
D) financial strength of the issuer is suspect.
C
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Which of the following is an example of a nonprofit organization?
A. The Humane Society B. American Medical Association C. The Democratic party D. State Farm Insurance E. Teamsters Union
Three types of data models used today are: the hierarchical model, the network model and the relational model.
Answer the following statement true (T) or false (F)
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Compute the fixed overhead budget variance. a. $5,000 (F) b. $5,000 (U) c. $10,000 (F) d. $15,000 (F)
__________________ is the number of direct reports to a given manager following an expansion.
a. Work specialization b. Chain of command c. Span of control d. Departmentalization