On January 1, a company issued 3%, 10-year bonds with a face amount of $65 million for $59,685,694 to yield 4%. Interest is paid semiannually. What was the straight-line interest expense on the December 31 annual income statement

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.