The options from which a decision maker chooses a course of action are
a. called the decision alternatives.
b. under the control of the decision maker.
c. not the same as the states of nature.
d. All of the alternatives are true.
d
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On January 2, 2018, Cannon Company issued $10,000,000 of convertible debt. The bonds are zero-coupon, and each $1,000 bond is convertible into 10 shares of Cannon Company's common stock at the bond holder's option. The bonds mature in 2022 and were issued at par. Companies with similar credit profiles were issuing non-convertible debt at an effective rate of interest of 8%. The present value factor for $1 for 5 periods at 8% is .68058. For each of the following assumptions, prepare the journal entry to record the issuance of debt and entries for 2018 and 2019 to record interest expense. No bonds were converted during 2018 or 2019. Required:
Cannon Company uses U.S. GAAP to prepare its external financial reporting to shareholders and regulators.Cannon Company uses IFRS to prepare its external financial reporting to shareholders and regulators. What will be an ideal response?
Consumer food cooperative sales have grown to a substantial share of total supermarket sales due to consumer beliefs in low supermarket produce quality and high supermarket price levels
Indicate whether the statement is true or false
Congress has introduced the Fair Minimum Wage Act of 2013, which would increase the minimum wage to __________ by 2016
a. $10.10 per hour b. $8.88 per hour c. $6.75 per hour d. $15.00 per hour
Walter worked nights as a clerk in a fast-food store. On his last work shift, Walter's boss told him, "I'm really grateful for the year that you have worked here. I am going to give you a bonus of $1,000 in your last paycheck." When Walter got his last paycheck, there was no bonus. If Walter sues, the likely result will be A) Walter will win, as the promise is enforceable
B) Walter will lose, as he gave no consideration. C) Walter will lose unless the promise was in writing. D) Walter will win, as no consideration is required to modify an employment contract.