Macy’s, Inc., operates nearly 829 Macy’s and Bloomingdale’s department stores globally. The company does more than $25 billion in sales each year. Assume that as part of its cash management strategy, Macy’s purchased $12 million in bonds at par for cash on July 1 of the current year. The bonds pay 8 percent interest annually, with payments on June 30 and December 31, and mature in 10 years. Macy’s plans to hold the bonds until maturity.

Required:

1. Record the purchase of the bonds on July 1 of the current year.

2. Record the receipt of interest on December 31 of the current year.

answer; the above statement is (true);

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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