Answer:
C. debit cash, credit premium on bonds payable and bonds payable
Explanation:
Since the contract rate is greater than the market rate, the bond is issued at a premium. And, the journal entry is shown below:
Cash A/c Dr XXXXX
To Premium on bonds payable A/c XXXXX
To Bonds payable A/c XXXXX
(Being bond is issued at a premium is recorded)
When the bond is issued at a premium, we debited the cash account and credited the premium on bonds payable and bonds payable account
The nominal interest rate will rise by 3%.
Nominal interest rate is the sum of real interest rate and inflation rate. Real interest rate is interest rate that has been adjusted for inflation. Inflation is the persistent rise in general price levels.
Nominal interest rate in year 2 = real interest rate + inflation rate
6% + 3% = 9%
Nominal interest rate in year 1 = 6%
Change in nominal interest rate = 9% - 6% = 3%
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A temporary team formed to solve a problem, realize an opportunity, or design a product or service.
<h3>
What is a task force?</h3>
- A task force is a team of individuals who have been given the temporary assignment to collaborate in order to accomplish a very specific and well-defined goal.
- A temporary team formed to solve a problem, realize an opportunity, or design a product or service.
- For instance, a drug task force operates separately from a police force to deal with concerns pertaining to the production, distribution, and use of illicit narcotics.
<h3>What is collaboration?</h3>
- Collaboration is the process of two or more parties cooperating to carry out a task or realize an objective.
- Cooperation and collaboration are comparable.
- Leadership is a necessary component of most collaborations, albeit it can take the form of social leadership within an egalitarian, decentralized group.
Therefore, the task force is a temporary team formed to solve a problem, realize an opportunity, or design a product or service.
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Answer: Globalization
Explanation: Globalization can be defined as the process under which the the company starts operating its business internationally, that is, in companies other than which it is incorporated.
In the given case, the company in the business is incorporated in USA but is using Indian labor for its manufacturing process and a Taiwan company for its shipping purposes.
Hence, we can conclude that the given case is an example of Globalization.