An initial issue price equal to the face value of the bonds means that the implicit interest rate equals the _____
a. fair interest rate
b. average interest rate
c. future interest rate
d. yield to maturity
e. past interest rate
D
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________ tax is an indirect tax levied on added value to the product.
Fill in the blank(s) with the appropriate word(s).
If a criminal client agrees to plead guilty to a lesser crime and thereby receive a lesser sentence, that client is agreeing to:
A) a plea bargain. B) a plea trial. C) a plea booking. D) a plea summons.
The bank statement reveals an EFT received from a customer that has not yet been recorded in the ledger. How would this information be included on the bank reconciliation?
A) an addition on the bank side B) a deduction on the bank side C) a deduction on the book side D) an addition on the book side
Termeer Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateVariable manufacturing overhead0.30 hours$2.30 per hour?The company has reported the following actual results for the product for August: Actual output 8,000unitsActual direct labor-hours 2,380hoursActual variable overhead rate$2.10per hourActual variable overhead cost$4,998 ?The variable overhead efficiency variance for the month is closest to:
A. $42 F B. $42 U C. $46 F D. $46 U