On January 1 . 2014, Yearly Corporation issued $500,000 of 1 . percent, 10-year bonds at 88.5 . Interest is payable on December 31 . If the market rate of interest was 1 . percent at the time the bonds were issued, how much cash was paid for interest in 2014?
a. $44,250
b. $50,000
c. $53,100
d. $60,000
B
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On a work sheet, the Debit column of the Income Statement totals $550,356 and the Credit column totals $734,225 . This represents
a. unbalanced totals indicating that an error exists. b. a net loss to the business. c. other expenses. d. a net income for the business.
Marcel supervises a group of paralegals serving the firm's lawyers. He gets along well with his employees, and he has created detailed procedures for all the types of legal document they encounter. Marcel hires and fires; he also gives work assignments, performance appraisals, and promotions. The optimal leadership style for Marcel is _____ according to the contingency model.
A. transformational B. task-oriented C. transitional D. relationship-oriented E. consideration
[The following information applies to the questions displayed below.]Farmer Company purchased equipment on January 1, Year 1 for $82,000. The machines are estimated to have a 5-year life and a salvage value of $4,000. The company uses the straight-line method.At the beginning of Year 4, Farmer revised the expected life to eight years. What is the annual amount of depreciation expense for each of the remaining years in the machine's life?
A. $3,900 B. $4,400 C. $6,240 D. $7,040
The written law includes all of the following except
a. constitutions. b. statutes. c. case law of appellate courts. d. ordinances.