A(n) ________ allows a multinational corporation to change the currency of denomination of its debts
A) interest rate swap
B) currency swap
C) currency option contract
D) currency future contract
Answer: B
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An adjusting entry was made on year-end December 31 to accrue salary expense of $1900. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $4400 payment of salaries in January of the following year?
A.
| Salaries Payable | 1900? | |
| Cash | 1900? |
B.
| Salaries Payable | 4400? | |
| Cash | 4400? |
C.
| Salaries Payable | 1900? | |
| Salaries Expense | 2500? | |
| Cash | 4400? |
D.
| Salaries Expense | 4400? | |
| Cash | 4400? |
E.
| Salaries Expense | 1900? | |
| Salaries Payable | 1900? |
A car dealership receives a bonus from the manufacturer if it sells more hybrid cars than it did the previous year. This is called ________.
A. a rebate B. a contest C. an allowance D. a commission E. a point-of-purchase payment
The significance of wrongful discharge suits is that they challenge an employer's right under the employment-at-will doctrine to unilaterally discharge employees.
Answer the following statement true (T) or false (F)
Essay Questions 1) Sketch the generic value chain for a company and briefly describe the contributions of each of its elements
What will be an ideal response?