Use of the effective-interest method in amortizing bond premiums and discounts results in1. a greater amount of interest income over the life of the bond issue than would result from use of the straight-line method.2. a varying amount being recorded as interest income from period to period.3. a variable rate of return on the book value of the investment.4. a smaller amount of interest income over the life of the bond issue than would result from use of the straight-line method.

The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?