Author Question: Dollar totals are a summarization of the dollar value of items in the batch. Indicate whether the ... (Read 196 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
Dollar totals are a summarization of the dollar value of items in the batch.
  Indicate whether the statement is true or false

Question 2

On January 1, 2011, Nadir Company issued 1,000,000 of 6, 20-year bonds when the market rate of interest was 5. The bonds pay interest annually on December 31. To calculate the amount of cash that Nadir received, you must find ________.
 
  A) only the present value of 1,000,000
  B) only the present value of an annuity of 60,000
  C) both the present value of 1,000,000 and the present value of an annuity of 50,000
  D) both the present value of 1,000,000 and the present value of an annuity of 60,000



reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

T

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library