McDonald Sales Prepared a Bond Issue of $20,000 Dated January

question 104

Multiple Choice

McDonald Sales prepared a bond issue of $20,000 dated January 1,2013.The bonds have a stated rate of 3% and a term of 6 years.The bond issue was delayed,and the bonds were finally sold on March 1,2013 at par.How much cash will McDonald receive for the bonds?

• A) $19,900
• B) $20,000
• C) $20,100
• D) $20,300

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Definitions:

Cytoplasm

Region of a cell between the nucleus, or the nucleoid region of a bacterium, and the plasma membrane; contains the organelles of the cell.

Translation

The process by which the genetic code carried by mRNA is decoded to produce the specific sequence of amino acids in a polypeptide chain.

Transcription

The process by which the information in a strand of DNA is copied into a new molecule of messenger RNA (mRNA) by the enzyme RNA polymerase.

Replication

The process of duplicating a molecule of DNA, ensuring that each new cell receives a complete set of genetic instructions.