Answer:
$700
Explanation:
If a bond is issued at a lower price than the face value of the bond, then the bond is issued on the discount. This discount is amortized over the bond's life. This amortization will be expensed as Interest Expense.
Discount = Face value - Issuance price = $15,000 - $14,700 = $300
Bond's Life = 6 years
Amortization of discount = $300 / 6 = $50 annually = $25 semiannually
Coupon Payment = Face Value x coupon Rate = $15,000 x 9% = $1.350 annually = $675 semiannually
Interest Expense Includes both the coupon payment and discount amortization for the period.
Interest Expense = $675 + $25 = $700
Answer:
Sam’s Home Store can enforce the contract against Restore Construction Company
Explanation:
In contract law, only the parties involved in a contract can take action to enforce the contract. In this case Sam' Home Store signed the contract with Restore, so they can enforce it. Any third party beneficiaries from the contract, like United Building Supplies, are not entitled to enforce anything.
Answer: True
Explanation: When the central monetary authority of a country attaches the value of their country's currency in relation to any other country's currency, then such an arrangement is called pegged exchange rate system.
The reference currency used by the authorities are generally of those countries which have a strong monetary base like US dollar or Euros.
Hence, from the above we can conclude that the given statement is true.
Answer:
The correct answer is letter "B": power.
Explanation:
The need for power leads to people showing a need to have everything under control. Even the tiniest detail is meticulously reviewed. If somebody else shows signs of leadership, the individual with power needs tries to subordinate the other immediately, imposing his or her ideas as the best.
