Cash interest payment is computed annually when a bond is issued for other than its face value. For a bond issued at a discount, how will this component change as the bond approaches maturity?
a. decrease
b. increase
c. remain constant
d. not enough information given to decide
c
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A corporation is liable for all torts committed by its employees while acting in the course of and within the scope of their employment.
Answer the following statement true (T) or false (F)
An interim period is a fiscal period less than one year
Indicate whether the statement is true or false
SCENARIO-BASED QUESTIONS Camponi Fashions Changes Employee Policy ? Camponi Fashions gives its sales consultants an allowance of $2,000 for purchase of clothing from the current line of products. Any purchase beyond this allowance can be made at a 15%
discount. Due to an economic downturn, the management reduces the clothing allowance for the upcoming year to $1,000 and the purchase discount to 10%. When the company returns to normal profit levels in the future, the original allowance and discount would be restored. Required: As a sales manager of the company, write an email message conveying the change in policy for the upcoming year.
The mortgage clause
A) ensures that the lender receives insurance payouts for structural damage to the home. B) ensures that the face amount of the policy covers the remaining balance on the loan. C) ensures that you have an insurable interest in the home. D) provides for periodic insurance payments.