On January 2, 2010, Barham Corporation issued ten-year bonds payable with a face value of $400,000 and a face interest rate of 9 percent. The bonds were issued to yield a market interest rate of 10 percent. Interest is payable semi-annually on January 2 and July 1 . In calculating the present value of the bond issue on January 2, 2010,
a. the 9 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments.
b. a 5 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments.
c. the 10 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments.
d. the 10 percent rate will be used to calculate the present value of the face amount and a 5 percent rate will be used to calculate the present value of the periodic interest payments.
B
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In practice, there are two major ways to change a culture. They are
A. ASA framework and changes in leadership. B. ASA framework and socialization. C. changes in leadership and mergers or acquisitions. D. socialization and mergers or acquisitions. E. mergers and ASA framework.
The sale of counterfeit goods is estimated at about $20 billion a year in the U.S
a. True b. False Indicate whether the statement is true or false
Firms are allowed to deduct percentage depletion with respect to a productive asset even if the adjusted tax basis of the asset is zero.
Answer the following statement true (T) or false (F)
Is there anything Dan could have done prior to the sales meeting that might have helped ease Billy Bob’s transition to a new sales representative?
Dan was smiling to himself and feeling rather smug as he approached his next customer. After slaving away in a mediocre territory, he had been rewarded with a promotion to a more lucrative area. Today Dan was meeting with Billy Bob, the purchasing agent for a large company in Dan’s new territory. Billy Bob had always been a loyal customer, and although this was their first meeting, Dan fully expected a large order would result from the sales call today. Smiling, Dan entered, offered Billy Bob his hand, and said, “Hello, I’m Dan from Manfred Enterprises. How are you…” Before Dan could even get the words out of his mouth, Billy Bob broke in. “Who the hell are you? Where’s my buddy Irvin? You know we’ve been doing business together for almost 12 years now. I just don’t deal with anybody else, much less a greenhorn. Where the hell is Irvin? We spent a lot of time together—hell, we darn near shut down Sam’s Saloon one night. I’ll just have to call Irvin at home and see what the hell is going on.” Dan recalled Irvin bragging about the order he received one night at Sam’s Saloon. Dan also knew that Irvin had been fired for drinking on the job. Dan was struck with a sense of panic. How could he respond to Billy Bob’s comments without risking the account?