Answer: B. will cause the total cost of borrowing to be less than the bond interest paid
Explanation:
It should be noted that when a bond is sold above the face value, this will result into the total cost of borrowings to be less than the bond Interest that was paid.
The reason for the above is due to the fact that the borrower will not be required to repay the bond premium when the bond matures at its maturity date.
Therefore, the correct option is B.
Answer:
- control the day-to-day activities of the corporation.
Explanation:
The board of directors are people chosen by the instiution, the owners of the institutions or the members of an institution to govern the institution and be responsible for the actions and directions that the organization takes, they could be owners, workers or externate associates to the institution and they control the day-to-day activities of the corporation.
Answer:
This is very short term credit with high interest.
Explanation:
Examples of this include things like payday loans.
Answer: d. under the minimum-contacts test.
Explanation:
Cattle House Steaks, a Colorado company, enters into a contract over the phone with Beef Packing Inc., an out-of-state corporation. If a dispute arises, a Colorado court can exercise jurisdiction over Beef Packing under the minimum-contacts test.
Minimum contacts applies to situations whereby a court in one state can assert its personal jurisdiction over another defendant which isn't in that same state but is in another state.
