The issue price of each $1,000 bond that pays interest at 5% and has a bond price of 102.10 equals:
A. $1,000.
B. $1,050.
C. $1,021.
D. $950.
Answer: C
You might also like to view...
Which of the following statements concerning operating leverage is false?
a. Normally, a company which is highly labor intensive will have low fixed costs and therefore a low operating leverage. b. Normally, companies which have a high operating leverage will also have a high contribution margin ratio. c. Operating leverage measures the relationship between a company's variable and fixed cost. d. If a company has a low operating leverage, a small amount of sales will cause a large increase in profits.
The comparative balance sheet for Silverlight Co. is shown below. Express the balance sheet in common-size percentages. Silverlight CompanyComparative Balance Sheets (in $000)December 31, Year 1?Year 3?Year 3Year 2Year 1Cash$ 49.6$ 34.2$ 35.7Accounts receivable74.485.576.5Merchandise inventory148.8125.491.8Plant assets (net)347.2324.9306.0Total assets$620.0$570.0$510.0????Accounts payable$117.8$ 51.3$ 76.5Bonds payable130.2159.6107.1Common stock266.6279.3265.2Retained earnings 105.4 79.8 61.2Total liabilities and equity$620.0$570.0$510.0
What will be an ideal response?
For April, Anderson Antiques will have cash receipts of $365,000 and cash disbursements of $370,000. If its beginning cash is $4,000 and its desired reserve is $3,000, what will be its shortfall in cash for the month?
A) There is no shortfall in cash but an excess of cash. B) -$3,000 C) -$4,000 D) -$5,000
With reference to #13, which of the following statements is true?
A) Alex's rent can be increased at any time. B) Alex would be liable for damages if he left the apartment before the end of six months. C) Alex cannot withhold rent if there is no water in the apartment. D) All of the above are correct