26.Bond interest paid is

A.Higher when bonds sell at a discount and lower when bonds sell at a premium

B.higher when bonds sell at a discount

C. lower when bonds sell at a premium

D. None of these answers is correct

E. the same whether bonds sell at discount/premium

27.Daleville company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1,2017. The bonds had a face value of $200,000, pay interest annually on December 31, and have a call price of 101. Daleville uses the straight-line method of amortization.

What is the amount of interest Daleville must pay the bondholders in 2017?

A.$11,200

B.$10,800

C.$11,280

D.$12,000

E.$13,200

28.A company began operation on January 1 with cash of $75,000. January sales were $150,000. No collections occurred. Cost of goods sold is $40,000, and there are no ending inventories or payables. How much cash was on hand at the end of January?

A.$185,000

B.$225,000

C.$35,000

D.$110,000

E.None of the above

29.Which of the following statements about variable cost is true?

A.Variable costs are always product costs

B.Per unit variable costs always increase as production increases

C. None of these is correct

D.per unit variable costs always decrease as production increases

E.per unit variable costs are constant

30.Within a "relevant range" which of the following statements about fixed costs is true?

A.fixed costs per unit will fall as production rises

b.none of these

c.total fixed costs changes as production volume change

d.fixed costs are costs which are paid uniformly over a year

e.fixed costs are constant per unit of production