On January 1, 2019, Tonika Company issued a four-year, $10,000, 8% bond. The interest is payable annually each December 31. The issue price was $9,676 based on an 9% effective interest rate. Tonika uses the effective-interest amortization method. The interest expense on the income statement for the year ended December 31, 2019 is closest to:

$9,747

Explanation:

Tonika company issued a $10,000, 8% bond

The issue price was on the basis of $9,676 on 9% effective interest rate

The first step is to calculate the discount amortization

Discount amortization= Interest expense-Interest paid

Interest paid= $10,000×8/100

= $10,000×0.08

= $800

Interest expense= $9,676×9/100

= $9,676×0.09

= $871

Discount amortization= $871-$800

= $71

Therefore, the book value at the end of December 31, 2019 can be calculated as follows

= $9,696+$71

= $9,747

Hence the interest expense on the income statement for the year ended December 31, 2019 is closest to $9,747

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; (a) calling people who have not shown interest in the product and asking them to buy it;