Patey pontoons issued 8% bonds on january 1, 2018, with a face amount of $540,000, the market yield for bonds of similar risk and maturity was 11%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31.

required:

(1) determine the price of the bonds at january 1, 2018.
(2) prepare the journal entry to record their issuance by patey on january 1, 2018.
(3) prepare an amortization schedule that determines interest at the effective rate each period.

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.