On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. What amount of interest expense will be included in the first annual payment?
A. $17,258
B. $37,258
C. $25,000
D. $20,000
E. $232,742
Answer: D
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An investor bought a one-year government bond of Country X with a nominal interest rate of 6 percent. If the current exchange rate between the U.S. dollar and Country X's currency is 50 units per dollar and the expected exchange rate after a year is 48 units per dollar, what is the expected dollar return of investing in Country X's bond?
A. ?4 percent B. ?3 percent C. ?8 percent D. ?12 percent
According to a study of conflict resolution styles of MBA students from different countries, which of the following is true regarding how conflict resolution differs across cultures?
A. Conflict resolution styles differed across cultures. B. U.S. students are more likely to report an avoiding style. C. Chinese students are more likely to report a competing style. D. There were no differences in conflict resolution styles across cultures.
Rock Creek Bottling Company pays its production manager a salary of $6,000 per month. Salespersons are paid strictly on commission, at $1.50 for each case of product sold.For Rock Creek Bottling Company, the production manager's salary is an example of:
A. a variable cost. B. a fixed cost. C. a mixed cost. D. none of these
Internal control in technologically advanced accounting systems depends less on the design and operation of the information system and more on the analysis of its resulting documents.
Answer the following statement true (T) or false (F)