If a firm raises capital by selling new bonds, the buyer is called the "issuing firm" and the coupon rate is generally set equal to the required rate.?
Answer the following statement true (T) or false (F)
False
A bond is a long-term contract under which a borrower (issuer) agrees to make payments of interest and principal on specific dates to the bondholder (investor). The interest payments are determined by the coupon rate, which represents the total interest paid each year, stated as a percentage of the bond's face value. See 6-1: Characteristics and Types of Debt
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Proper payroll accounting methods are important for a business for all the reasons below except
a. good employee morale requires timely and accurate payroll payments b. payroll is subject to various federal and state regulations c. to help a business with cash flow problems by delayed payments of payroll taxes to federal and stateagencies d. payroll and related payroll taxes have a significant effect on the net income of most businesses
A(n) _________ represents the profits or losses incurred by an organization.
A. expense budget B. income statement C. ratio analysis D. capital expenditures budget E. balance sheet
What is a contingent liability? Provide two examples of contingencies.
What will be an ideal response?
________ refer to a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible
A) Co-brands B) Line extensions C) Services D) Pure products E) Horizontal extensions