Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2018. LPC's accountant has projected the following amortization schedule from issuance until maturity:

Date Cash
interest Effective
interest Decrease in
balance Outstanding
balance
1/1/2018 $ 207,020
6/30/2018 $ 7,000 $ 6,211 $ 789 206,230
12/31/2018 7,000 6,187 813 205,417
6/30/2019 7,000 6,163 837 204,580
12/31/2019 7,000 6,137 863 203,717
6/30/2020 7,000 6,112 888 202,829
12/31/2020 7,000 6,085 915 201,913
6/30/2021 7,000 6,057 943 200,971
12/31/2021 7,000 6,029 971 200,000

What is the annual stated interest rate on the bonds?

a. 6%

b. None of the answer choices is correct.

c. 3.5%

d. 7%

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.