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.
Answer:
$41,400
Explanation:
Tuition will increase by $500 each year
Year 1 tuition = $17,300
Year 2 tuition = $17,800
Year 3 tuition = $18,300
Year 4 tuition = $18,800
Total = $72,200
Scholarship per year = $5000
Total scholarship for 4 years = 4 * $5000
= $20,000
Earnings per year = $2,700
Total earnings for four years = 4 * $2,700
= $10,800
She plans to take out a loan to cover the remaining tuition costs
Loan = Total tuition - (Total scholarship for 4 years + Total earnings for four years)
= $72,200 - ( $20,000 + $10,800)
= 72,200 - (30,800)
= 72,200 - 30,800
= 41,400
Loan = $41,400
Michelle need to borrow $41,400
Answer:
D
Explanation:
announcing the product takes place in the commercialization and launch of the product
When solving for the gross profit on a product use:
Gross profit = Sales - Cost of goods sold
Sales = $814,000
Cost of goods sold = $386,650
Gross profit = $814,000 - $386,650
Gross profit = $445,350
