Hoover corp., a wholesaler of music equipment, issued $30,500,000 of 20-year, 10% callable bonds on march 1, year 1, at their face amount, with interest payable on march 1 and september 1. the fiscal year of the company is the calendar year. journalize the entries to record the following selected transactions. refer to the chart of accounts for exact wording of account titles.
a) year 1 mar. 1 issued the bonds for cash at their face amount.
b) sept. 1 paid the interest on the bonds.
c) year 3 sept. 1 called the bond issue at 105, the rate provided in the bond indenture.
the answer is b. interest is expressed as a percentage of the amount you are borrowing.
the answer to the blank space in the question is a reaction time task.
a reaction time task measures an individual’s basic cognitive processes of perception and ability to respond based on what she or he perceives. whack-a-mole is a great example of this since the individual has to process what he or she sees (the mole) and immediately responds by hitting the mole with the hammer. an individual with a good perceptual speed and response time would be good in this game.
(c ) improvements in worker health from better nutrition
robert fogel, an economic historian, and noble prize winner for economics, is best known for suggesting that a significant factor in long-run economic growth is improvements in worker's health from better nutrition, he was of the opinion that malnourished workers cannot perform manual labor, because they don't have the strength and stamina, and this will affect productivity. he believed that as nutrition improve, so will worker's productivity.