Janis Works for a Local Bakery

question 241

True/False

Janis works for a local bakery.At one time,she loved the idea of becoming a head pastry chef,but now she is not sure that this is how she would like to spend her working career.Her current supervisor does not believe in breaks.And,lately,he stands next to her and instructs her as to how to roll out the bread dough and ice the cupcakes,as though she never learned these basic skills in culinary school.Just this morning,he commented loudly from the other side of the room,"You should be able to ice five cupcakes in a minute! Time yourself!" Frederick Taylor would have approved of Janis' supervisor.

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Definitions:

Compounded Annually

A method of calculating interest where the interest earned each year is added to the principal, and the interest for the next year is calculated on the total amount.

Unamortized Discount

The portion of a bond discount that has not yet been charged to expense because the bond has not reached its maturity.

Times Interest Earned Ratio

A financial ratio that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes (EBIT) to its interest expenses.

Callable Bonds

A type of financial instrument that allows the issuer to buy them back prior to the expiration date, for a pre-determined price.