The correct answer among all the other choices is "Contact your lender." If you are falling behind on your student loan payments, this is the step you should take to avoid default. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.
I believe the answer is -A!
Have a Warm and Wonderful Day!!
Answer: pay for performance
Explanation: In simple words, it refers to the concept under which an organisation tries to motivate its employees to work more by offering them incentives on extra work. These incentives could be cash or related to some other service as such.
In the given case, Valerie is earning from the summer job on the basis of production she do while on the job.
Hence the following case is an example of pay for performance.
Answer:
(a)
January 1 Cash 20000 Dr
Bonds Payable 20000 Cr
(b)
June 30 Interest expense 850 Dr
Cash 850 Dr
Explanation:
a.
The bonds are issued at par value thus full cash equal to the par value of these bonds will be received on the issuance date.
b.
The ineterst is paid at 8.5% annually. The annual interest oayment equals 20000 * 0.085 = 1700
As this is paid semiannually in equal installments, the semi annual payment for interest on June 30 will be 1700 / 2 = $850
