The below information is the same as the previous question. a company issued a convertible bond payable on the interest payment date as follows. bonds payable $700,000 coupon rate 5.3% issue price $725,000 term 10 years each $1,000 bond is convertible into 20 shares number of potential shares if 100% converted 14,000 shares bond conversion date december 31, 20x3 bonds converted 30% what is interest expense for the year ended december 31, 20x4?

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.