When considering the contingency model of leadership, Basheera exhibits high situational control.
<h3>Who is a leader?</h3>
It should be noted that a leader simply means an individual who guides other people in order to achieve a common goal.
In this case, when considering the contingency model of leadership, Basheera exhibits high situational control.
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Answer:
$23,709
Explanation:
Data provided in the question:
Amount of bond issued = $700,000
Duration = 5 years
Interest rate = 8%
Selling amount of bond = $728,700
Market rate of interest = 7%
Now,
Interest paid = Amount of bond issued × Interest rate
= $700,000 × 0.08
= $56,000
Interest expense = Amount of bond sold × Market Interest rate
= $728,700 × 0.07
= $51,009
unamortized premium = Selling amount of bond - Amount of bond issued
= $728,700 - $700,000
= $28,700
Amortized amount = Interest paid - Interest expense
= $56,000 - $50,009
= $4,991
Balance of the premiums on bonds payable account immediately following the first interest payment
= unamortized premium - Amortized amount
= $28,700 - $4,991
= $23,709
A person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses ; a sole trader.