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

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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?

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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?

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With reference to #13, which of the following statements is true?

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