Which is a credit to the buyer on the buyer's closing statement?

Patton Company purchased $600,000 of 10% bonds of Scott Co. on January 1, 2013, paying $564,150. The bonds mature January 1, 2023; interest is payable each July 1 and January 1. THe discount of $35,850 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2013, Patton Company should report interest revenue from the Scott Co. bonds of:

a. 63,588 b. 62,113 c. 62,052 d. 60,000

The high profit sales force programs in a Low-Cost business strategy are likely to include:

a. extensive use of independent sales agents. b. compensation that is largely salary. c. evaluations based on behaviors, as well as outcomes. d. both a and b above. e. none of the above.