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mina [271]
3 years ago
14

On January 1, 2017, Whitefeather Industries issued 300, $1,000 face value bonds. The bonds have a five-year life and pay interes

t at the rate of 10%. Interest is paid semiannually on July 1 and January 1. The market rate of interest on January 1 was 10%. Calculate the amount of interest that occured on December 31, 2017.
Business
1 answer:
Ludmilka [50]3 years ago
4 0

Answer:

$15000

Explanation:

All types of bonds have some common characteristics which include;

- A face/par value

- A coupon rate (interest rate).

- Either redeemable/irredeemable or convertible.

The face value of one bond is $1000 so the total value of 300 bonds would be $300,000 (300×$1000). In this example these are redeemable bonds which means Whitefeather Industries would be liable to payback the capital amount of bonds after five years (maturity date).

The coupon rate (i.e interest) is charged on Par value. So the Interest can be calculated as $300,000×10% = $30,000 per year.

In this question interest is payable semi-annually, therefore The amount of interest that occurs on December 31, 2017 is $15000 (For the last six months - July 1st till Dec 31st; $30000×6÷12).

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The right Response is Option B i.e

B. <u>Evaluation</u>

The steps of the nursing process include assessment, nursing diagnosis, planning, intervention, and evaluation. These five steps are used cyclically and repeatedly during patient care. The sequence must be followed from start to finish to ensure that the needs of the patient are addressed.

<u>Steps/Phases of the Nursing Process:</u>

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Correct Question - In which step of the nursing process does the nurse determine the outcome of medication administration?

A. Planning

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C. Assessment

D. Implementation

5 0
2 years ago
The hyattsville country club requires that an applicant's grandfather be a member of the club in order to qualify for membership
-Dominant- [34]
<span>The Hyattsville country club requires that an applicant's grandfather be a member of the club in order to qualify for membership. because blacks were not allowed to join the club in the 1960s and 1970s, there are no black members today. this rule, which maintains the advantage for the dominant group, while providing the appearance of fairness to all is an example of: </span>Institutional Discrimination.
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3 years ago
How can specialization benefit both producers and consumers in a free market economy?
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When other salespeople believe that a sales manager has valuable knowledge or skills in a given area, the sales manager is able
netineya [11]

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The correct answer is: expert power.

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Expert power is power derived from the belief of workers that a manager or some other member of an organization has a high level of knowledge or some sort of unusual skills not acquired or displayed by other employees or coworkers of the company. This provides the skilled worker a certain influence at the moment of deciding workers of the same hierarchy.

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Leni [432]

Answer:

<em>Employee stock ownership  plan</em>

Explanation:

An employee stock ownership plan (ESOP) is <em>a retirement plan wherein the employer contributes its shares (or funds to purchase its stock) to the fund for the advantage of the employees of the company.</em>

The company maintains an account for every employee who participates in the program.

Over time stock shares accumulate before an employee is eligible to them.

With an ESOP, while still working with the company, you never purchase or keep the stock directly.

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