In 2015, Suez Company issued $200,000 of bonds for $189,640 . If the face rate of interest was 6.73% and the effective rate of interest was 8%, how would Suez calculate the interest expense for the first year on the bonds using the effective interest method?
a. $189,640 × 6.73%
b. $189,640 × 8%
c. $10,000 × 6.73%
d. $10,000 × 8%
b
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On February 1, 2015, Vermont Corp pays $50,000 for shares of Stream, Inc common stock and another $1,000 in commissions. Assume that Vermont sells the Stream stock on May 20, 2015, for $53,000 . In this case, Vermont recognizes
a. An increase in assets and stockholders' equity for $2,000. b. An decrease in assets and an increase in stockholders' equity for $2,000. c. An increase and decrease in assets by the same amount. d. An increase in assets and stockholders' equity for $3,000.
Which of the following questions is LEAST relevant during the preapproach stage of the sales process?
A) How is the purchasing process conducted at the company? B) How is the purchasing department structured? C) How can I overcome psychological resistance? D) Is purchasing centralized? E) What is the best contact approach?
With cross-tabulation, two variables are arranged in a:
A) consistent and significant pattern B) cross-tabulation cell C) chi-square cell D) cross-tabulation table E) stacked bar table
Which of the following is defined as building human capability, ownership, and responsibility?
A. involvement B. adaptability C. mission D. consistency