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On December 31, 2010, a corporation issued $200,000 face value, 12 percent bonds that mature 10 years from the date of issue. The issue price was 97. If the firm uses the straight-line method of
amortization, interest expense for 2011 will be reported at what amount?
24,000
Expert answered|forestg|Points 20|
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Asked 1/1/2012 4:43:26 PM
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When you think about all the problems and issues affecting developing countries, would you agree or disagree with the following proposition: "The causes of problems among developing countries may be traced to their neocolonial or dependent status within the global economy"? If you agree, explain why. If you disagree, then cite some other root causes of underdevelopment not so clearly associated with neocolonialism or dependency.
Weegy: I agree with proposition: "The causes of problems among developing countries may be traced to their neocolonial or dependent status within the global economy" Because, [ Where neocolonialism exists the power exercising control is often the State which formerly ruled the territory in question, but this is not necessarily so. For example, in the case of South Vietnam the former imperial power was France, but neocolonial control of the State has now gone to the United States. It is possible that neocolonial control may be exercised by a consortium of financial interests which are not specifically identifiable with any particular State. The control of the Congo by great international financial concerns is a case in point. The result of neocolonialism is that foreign capital is used for the exploitation rather than for the development of the less developed parts of the world. Investment under neocolonialism increases rather than decreases the gap between the rich and the poor countries of the world. The struggle against neocolonialism is not aimed at excluding the capital of the developed world from operating in less developed countries. It is aimed at preventing the financial power of the developed countries being used in such a way as to impoverish the less developed. Neocolonialism is also the worst form of imperialism. For those who practise it, it means power without responsibility and for those who suffer from it, it means exploitation without redress. In the days of old-fashioned colonialism, the imperial power had at least to explain and justify at home the actions it was taking abroad. In the colony those who served the ruling imperial power could at least look to its protection against any violent move by their opponents. With neocolonialism neither is the case. Above all, neocolonialism, like colonialism before it, postpones the facing of the social issues which will have to be faced by the fully developed sector of the world before the danger of ... (More)
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