A company purchased $60,000 of 5% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 (the company's year-end) would be:
A. $1,500.
B. $1,250.
C. $1,000.
D. $2,500.
E. $500.
Answer: C
You might also like to view...
The two cofounders of Network Appliance, a data-storage firm in Sunnyvale, California, were feuding with each other because one founder couldn't stick to his decisions, which drove the other founder crazy. A(n) ____________ began working with the warring executives in separate sessions to solve the problem.
A. organizational behavior specialist B. family doctor C. informational technologist D. acquisition consultant E. labor relations specialist
Aggregate forecasts are usually more accurate than disaggregate forecasts, as they tend to have a smaller standard deviation of error relative to the mean
Indicate whether the statement is true or false.
The manager is open to suggestions for forecasting models and decides to try both an exponential smoothing model with an alpha of 0.9 and a simple moving average of two periods
He decides to use the actual value for January as the forecast for February just to get the exponential smoothing forecasting party started. For the moving average approach, he uses the actual for January as the forecast for February and the actual for February as the forecast for March before beginning to apply the moving average equation. Generate forecasts for the year using these technique and then calculate forecast errors using MAD to determine which is the superior method in this scenario.
Shane is the project manager of the organizational development team at Solid Hardwoods. Shane's team has been assigned the task of studying and evaluating Solid Hardwoods' organizational structure. Shane divided the tasks among the team members to collect preliminary information on different elements of Solid Hardwoods' structure. Meg was asked to collect information on the degree to which tasks are divided into separate jobs. Andrea was asked to collect information on formal authority relationships. Francine started looking into how many employees each manager has responsibility for, and Carol was asked to collect evidence on the degree to which rules and procedures are used to standardize behaviors at Solid Hardwoods. Shane decided to personally collect information and evidence on where
exactly decisions are formally made at Solid Hardwoods. The team decided to meet with information in two weeks.Francine is looking into information on which element of organizational structure? A. span of control B. centralization C. work specialization D. chain of command E. formalization