On 1 January 2014, Davie Services Issued $20 000 of 8

question 76

Multiple Choice

On 1 January 2014, Davie Services issued $20 000 of 8% debentures that mature in five years. They were sold at a premium, for a total of $20 750. The debentures pay half- yearly interest payments on 30 June and 31 December of each year. On 30 June 2014, how much is the total amount paid to debenture holders?

• A)$800.00
• B)$830.00
• C)$1 660.00
• D)$276.67

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Definitions:

Innovative Solutions

Creative and effective responses designed to address problems or challenges, often involving novel ideas or approaches.

Serial Entrepreneurship

The practice of repeatedly starting new businesses and ventures, typically moving on to new ideas after establishing or selling off previous enterprises.

Business Principles

Fundamental guidelines that dictate the ethical and operational standards of a business.

Innovative Solutions

Creative and effective approaches to solving problems or meeting new requirements, often leading to improved products or processes.