Fox Chapel Company wishes to issue $400,000 of 5-year, 6% bonds, with interest paid annually at the end of the year. The market rate of interest is currently 5%. What information is needed in order to determine the selling price?
a. The life of the bonds, the market rate of interest, the bond rating, and the face amount of the bonds.
b. The face amount of the bonds, the stated rate of interest, the market rate of interest, and the bond life.
c. The face amount of the bonds, the stated rate of interest, the market rate of interest, and the bond life.
d. The face amount of the bonds, the market rate of interest, the purpose of the issue, and the bond life.
c
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______ exists whenever people are in disagreement and opposition.
A. Function B. Collaborating C. Conflict D. Resolution
Day sales outstanding is computed by dividing a firm's accounts payable by daily credit sales.
Answer the following statement true (T) or false (F)
The balance sheet of Montezuma reports total assets of $900,000 and $1,100,000 at the beginning and end of the year, respectively. The net income for the year is $100,000. What is Montezuma's return on assets?
A. 25% B. 11% C. 9% D. 10%
Althouth not the primary source of financing for most small business startups, another source of early financing is:
A. family members. B. commercial banks. C. business suppliers. D. asset-based lenders.