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:

Discourse Analysis

A methodological approach that studies how language is used in texts and context to construct meaning and social reality.

Orient

To align or position something relative to points of a compass or other specified positions; in a broader sense, to determine one's position or context in relation to something.

Colonialism

The tactic or practice of obtaining total or partial political authority over another country, settling it with inhabitants, and economically benefiting from it.

Race And Racism

relates to the classification of humans into groups based on physical traits, ancestry, genetics, or social relations, and the systemic oppression of races deemed inferior.