On June 1, 2015, Smith Services Issued $36,000 of 8

question 42

Multiple Choice

On June 1, 2015, Smith Services issued $36,000 of 8% bonds that mature in five years for $45,000. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2015, how much is the total interest paid to bondholders?

• A)$1,440
• B)$2,880
• C)$1,800
• D)$3,600

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Definitions:

Early Intervention

Programs or strategies designed to identify and provide targeted educational and therapeutic support to young children with developmental delays or special needs.

Economic Returns

The financial gains or benefits received from an investment, business venture, or economic activity, compared to the amount of money or resources invested.

Optimal Production Volume

The quantity of goods that a company should produce to minimize costs and maximize efficiency, profitability, or both.

Unit Costs

The cost incurred to produce, store, or acquire one unit of a product or service.