1 - Orpah, Inc. borrowed $12,000 for 4 months on a discount basis. The lender used an interest rate of 8% to calculate the discount. The amount of cash Orpah, Inc. actually had available to use from this loan was:
2 - When a company issues a bond at a premium:
the company is more profitable than most companies in its industry.
the investors' interest income will be more than the interest received each year.
investors perceive the bond to be a very safe investment.
the investors' interest income will be less than the interest received each year.
3 - The principal reason for a company having a common stock split is to:
a. increase the total cash dividends paid to stockholders.
b. decrease the market value per share of common stock.
c. capitalize retained earnings.
d. decrease total owners' equity.
This question was answered on: Sep 16, 2020
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