General Investment Co The Investment in Bonds Has a Maturity In:
A)Two Years

question 41

Short Answer

General Investment Co.(GIC)purchased bonds on January 1,2012.GIC's accountant has projected the following amortization schedule from purchase until maturity:
$\begin{array}{rrrrr}& \text { Cash } & \text { Interest } & \text { Increase in } & \text { Carrying } \\\text { Date } & \text { Paid } & \text { Expense } & \text { Carrying Value } & \text { Value } \\1 / 1 / 12 & & & & \$ 194,758\\6 / 30 / 12 & \$ 7,000 & \$ 7,790 & \$ 790 & 195,548 \\12 / 31 / 12 & 7,000 & 7,822 & 822 & 196,370 \\6 / 30 / 13 & 7,000 & 7,855 & 855 & 197,225 \\12 / 31 / 13 & 7,000 & 7,889 & 889 & 198,114 \\6 / 30 / 14 & 7,000 & 7,925 & 925 & 199,039 \\12 / 31 / 14 & 7,000 & 7,961 & 961 & \$ 200,000\end{array}$
The investment in bonds has a maturity in:
A)Two years.
B)Three years.
C)Six years.
D)Cannot be determined from the given information.

• A)Two years.
• B)Three years.
• C)Six years.
• D)Cannot be determined from the given information.

Calculate the product of numbers to the required decimal places and round the result accurately.

Articulate the significance of having calculations based on all scores in a dataset.

Understand the concept and significance of correlation in statistical analyses and validity measures in selection processes.

Grasp the various methods and standards of measuring the validity of selection tools and their application in HR practices.

---

Definitions:

Top Management

The highest level of managers within an organization, responsible for setting strategic goals and making key decisions.

Ethics and Compliance

Pertains to adhering to moral principles and regulations set by governing bodies in conducting business or professional activities.

Successful Effectiveness

The achievement of desired outcomes or goals with efficiency, often evaluated in terms of meeting specific performance or success criteria.

Ethical Culture

A set of shared beliefs, practices, values, and behavioral norms that shape the ethical standards and responsibilities within an organization.