Gunther Inc purchased $400,000 of Malone Corp ten-year bonds with a stated interest rate of 8 percent payable quarterly. At the time the bonds were purchased, the market interest rate was 1 . percent. Determine the amount of premium or discount on the purchase of the bonds
a. $92,442 premium
b. $92,442 discount
c. $81,143 premium
d. $81,143 discount
B
Business
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Which of the following is a cultural dimension measured in the GLOBE project?
A. Uncertainty avoidance B. Hierarchical structure C. Ethnic egalitarianism D. Profit seeking E. Ethical orientation
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What should be the formula in B13?
a) =SUM(B2:B4)/(B7+B9)
b) =SUM(B2:B4)/SUM(B7:B9)
c) =(B4-B4)/(B6+B7+B8)
d) =SUM(B2:B5)/(B6+B8+B9)
e) =(B1+B2)/(B6+B7+B8)
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What are foreclosure sales?
What will be an ideal response?
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Which of the following general journal entries would be used to recognize $7,500 of uncollectible accounts expense under the direct write-off method?
A.
| Uncollectible accounts expenses | 7,500 | |
| Accounts receivable | 7,500 |
B.
| Uncollectible accounts expenses | 7,500 | |
| Allowance for doubtful accounts | 7,500 |
C.
| Allowance for doubtful accounts | 7,500 | |
| Uncollectible accounts expenses | 7,500 |
D.
| Accounts receivable | 7,500 | |
| Uncollectible accounts expenses | 7,500 |
Business