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Nastasia [14]
3 years ago
10

DeKay Dental Supplies issued $10,000 of bonds on January 1, 2018. The bonds pay interest semiannually. This is a partial bond am

ortization schedule for the bonds Effective Decrease in Outstanding Payment Cash interest balance 400 400 400 400 409 409 409 410 balance 9,080 9,089 9,098 9,107 9,117 10 What is the stated annual rate of interest on the bonds?
a) 4.5%.
b) 9.0%.
c) 40%.
d) 80%.
Business
1 answer:
svp [43]3 years ago
7 0

Answer: d. 8.0%

Explanation:

The Stated Annual Rate of Interest on a bond refers to the coupon rate which is the amount that the company promises to pay on the bond pay period.

Looking at the question, the company is paying $400 every 6 months on the $10,000 bonds . The interest therefore is;

= 400/10,000

= 4%

Company pays 4% on the bonds every 6 months.

This 4% should be stated in annual terms so;

= 4% * 2

= 8%.

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3 years ago
Grand River Corporation reported taxable income of $600,000 in year 1 and paid federal income taxes of $155,000. Not included in
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Answer:

$444,000

Explanation:

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3 years ago
Which of the following could cause an appreciation of the real exchange rate in a small open economy? A decrease in the domestic
Savatey [412]

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In a small open economy, the appreciation of the real exchange rate can be caused by an increase in government spending as this puts pressure on domestic currency to appreciate, which leads to current account deterioration.

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3 years ago
Assuming an upward-sloping as curve, if an economy is at full employment and consumption spending decreases while all other leve
Yuliya22 [10]

Assuming an upward-sloping as curve, if consumption spending falls while all other levels of expenditure stay the same in an economy that is at full employment, a GDP gap will be visible.

Retail store managers will take activities that result in greater Unemployment when undesirable inventories build up.

<h3>What is GDP?</h3>
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brainly.com/question/15682765

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8 0
1 year ago
Cyclical unemployment is caused by business cycle fluctuations. reducing international trade barriers, which causes some industr
Shalnov [3]

Answer:

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