The interest rate on which cash payments to bondholders are based is the ________.
A) market rate
B) discount rate
C) stated rate
D) amortization rate
C) stated rate
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Which sentence expresses numbers correctly?
A) ?Although some workers arrive at 7:00 a.m., many do not arrive until 7:45 a.m. B) ?The online order was received at eight a.m. in the morning. C) Your product was shipped at 4 o'clock this afternoon.
Your company is planning to borrow $1,000,000 on a 5-year, 15%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will represent repayment of principal?
A) 29.83% B) 57.18% C) 35.02% D) 64.45% E) 72.36%
Which of the following is a difference between common stock and bonds?
A) Bondholders have a voice in management; common stockholders do not. B) Bondholders have a senior claim on assets and income relative to stockholders. C) Stocks have a stated maturity but bonds do not. D) Dividend paid to stockholders is tax-deductible but interest paid to bondholders are not.
Job 652 was recently completed. The following data have been recorded on its job cost sheet: Direct materials$59,400 Direct labor-hours 1,224DLHsDirect labor wage rate$15per DLHNumber of units completed 3,600unitsThe company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $35 per direct labor-hour.Required:Compute the unit product cost that would appear on the job cost sheet for this job.
What will be an ideal response?