A business accepts a 12 percent, $19,000 note due in three years. Assuming simple interest, how much will the business receive when the note falls due?
a. $21,280
b. $25,840
c. $23,560
d. $19,000
B
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In which of the following types of accounts are decreases recorded by debits?
A) assets B) revenues C) expenses D) drawing
A university orders all office supplies, including red grading pens, out of a catalog from the same supplier
Conservative estimates of the demand for these red pens are 12,000 pens per year. There is a $25 charge for placing an order and the university has a $10 annual cost for holding these pens. Prices for the pens are based on the quantity purchased, so if less than 100 are ordered, the unit price is $2.50, if 100 to 299 are ordered, the unit price is $2.40, if 300 to 499 are ordered, the unit price is $2.30, and if 500 or more are ordered, the unit price is $2.20. What order quantity will result in the lowest total annual cost to the university? A) 100 B) 245 C) 300 D) 500
Stimulus Industries Inc. has 2014 total current assets of $14,871,000. Last year the total current assets were equal to $12,462,000. The change in total current assets is a ________ of cash in the amount of ________
A) source; $14,871,000 B) source; $2,409,000 C) use; $2,409,000 D) There is not enough information to answer this question.
You and your marketing team are conducting a series of focus groups with potential customers of a new product your firm is launching next year. The purpose of these focus groups is to find out what potential customers consider most important in the selection and use of this new product.Which of the following steps in the advertising campaign development process are you performing with this activity?
A. Defining the advertising objectives B. Determining the advertising appropriation C. Developing the media plan D. Creating the advertising platform E. Identifying and analyzing the target audience