Bonds in the amount of $100,000 and a life of 10 years were issued by the Focus Company. If the face rate is 6% and interest is paid semiannually, what would be the total amount of interest paid over the life of the bonds?
a. $ 60,000
b. $120,000
c. $ 30,000
d. $ 6,000
a
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Consider a coupon bond that pays $105 every year and repays its principal amount of $1,500 at the end of 3 years. If the annual rate of discount is 7 percent, the present value of the bond is approximately
A. $735.35. B. $765.00. C. $1,395.00. D. $1,500.00.
Underapplied or overapplied factory overhead that is not large is normally charged or credited to which account?
a. Materials Inventory; b. Work In Process Inventory; c. Finished Goods Inventory; d. Cost of Goods Sold; e. Factory Overhead.
Article 27.3 of TRIPS permits countries to exclude from patent protection:
a. plants. b. animals. c. biological processes. d. All of the above
In goal planning, you generally match the savings vehicle to the time when the money is needed; for example, short-range goals are funded with low-risk investments
Indicate whether the statement is true or false