This would be called representative money because the token itself is worth money as well as the commodity <span />
Answer:
C. A contract between the corporation issuing the bonds and the bond trustee, who is acting on behalf of the bondholders.
Explanation:
A bond indenture specifies the contract which is between the bond issuers and bond holders. The contract specifies all the obligations owed by the issuers to the bond holders.
In this case the right definition of indenture would be a contract between the corporation issuing the bonds and the bond trustee, who is acting on behalf of the bondholders.
Hope that helps.
This is the answer to your question
Answer:
$12,280,000.
Explanation:
All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.
Direct Material = $4,200,000
Direct labor = $8,080,000
Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000
Overhead costs are not classified as the prime cost because these are indirect costs.