Sherman has three bonds with a $1,000 par value that pay a 9% coupon interest rate. How much will he earn every six months?

A) $27
B) $90
C) $135
D) $202.50
E) $270

Answer: C

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Giant Koala Stores Inc has forecasted sales for July through October in the top row of the table. Purchases are 65% of sales. All purchases are made one month in advance of the sale

Ten percent (10%) of suppliers are paid in the month of purchase and the remainder are paid in the following month. What are Giant Koala's payments to suppliers in September? Sales Forecast, Purchases and Payments to Suppliers Giant Koala Stores Inc ($000,000) July August September October Sales Forecast $18.000 $18.000 $22.000 $21.000 Purchases from Suppliers 11.700 14.300 Payments to Suppliers 1.170 1.430 Payments to Suppliers from last Month 12.870 Total Payments to Suppliers A) $11.313 million B) $11.625 million C) $12.456 million D) $14.235 million E) $15.4 million

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The employee taxes withheld on gross wages and paid to the federal government to fund retirement are called:

A) Federal Income taxes. B) Social Security taxes. C) Medicare taxes. D) State Income taxes.

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