Fixed-income securities consist of debt instruments and preferred stock. bonds are debt securities in which a borrower promises to pay a specified interest rate and principal at a future date. which of the following types of bonds have the least default risk? municipal bonds treasury bonds corporate bonds based on the information given in the following statement, answer the questions that follow: new york city issued a general obligation bond for a canal in 1812. it was the first formal debt instrument with a fixed repayment schedule issued by a city. who is the issuer of the bonds? the new york city government bank of new york federal reserve bank of new york what type of bonds are these? corporate bonds treasury bonds municipal bonds

Vortex company operates a retail store with two departments. information about those departments follows. department a department b sales $ 800,000 $ 450,000 cost of goods sold 497,000 291,000 direct expenses salaries 125,000 88,000 insurance 20,000 10,000 utilities 24,000 14,000 depreciation 21,000 12,000 maintenance 7,000 5,000 the company also incurred the following indirect costs. salaries $36,000 insurance 6,000 depreciation 15,000 office expenses 50,000 indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. additional information about the departments follows. department square footage number of employees a 28,000 75 b 12,000 50 required: 1. determine the departmental contribution to overhead and the departmental net income for department a and department b.