On January 2, 2016, Concrete Master Construction, Inc issued $500,000, 10-year bonds for $574,540 . The bonds pay interest on June 30 and December 31 . The face rate is 8% and the market rate is 6%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2016?
a. $574,540
b. $571,776
c. $568,920
d. $500,000
b
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A company purchases an asset on a deferred payment plan, ultimately paying $10,000 . On the payment date, the company would
a. credit Cash for less than $10,000. b. debit Interest Expense for the imputed amount. c. debit the asset account for $10,000. d. debit Accounts Payable for $10,000.
Which of the following types of research can realistically examine only rather narrowly defined questions and problems?
a. Inductive research b. Normative research c. Deductive research d. Nonempirical research
The name, term, symbol, design, or any combination of these that a firm uses to identify and differentiate its products is its
A. trade name. B. trademark. C. copyright. D. label. E. brand.
A waiting line grows infinitely long when ______.
a. service rate is greater than arrival rate b. arrival rate is greater than service rate c. service rate is equal to arrival rate d. arrival rate is stable