All of the following statements regarding debt securities are true except:
A. Debt securities classified as available-for-sale record the interest revenue when earned.
B. Debt securities are valued at fair value if classified as held-to-maturity.
C. Debt securities should be recorded at cost when acquired.
D. Debt securities are valued at fair value if classified as available-for-sale securities.
E. Debt securities are valued at fair value if classified as trading securities.
Answer: B
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If you were an upper-level marketing executive of a large seller of trucks, which of the following strategies would be most appropriate in reaching buying center targets?
A) Concentrate on key buying influencers. B) Use multilevel in-depth selling. C) Use trade-based promotions. D) Concentrate sales efforts on the support staff. E) Move all operations to the Internet.
Implied authority can be best described as a situation where:
A) The conduct of two parties indicate that they are acting in a principal and agent capacity. B) The principal and agent undertake actions in accordance with their earlier agreement that one act as agent for the other. C) The principal has made representations to a third party that someone is to act as her agent. D) The agent has made representations to a third party that he is acting as an agent for another. E) Both B and C
Rachel Retailer sends a preprinted purchase order offering to buy goods from Snidley Supplier. Snidley acknowledges Rachel's offer with a preprinted acceptance form. The terms of the two forms do not mirror each other. To analyze whether an enforceable contract exists, one must first determine whether the new language in the acceptance is an additional term or a different term.
Answer the following statement true (T) or false (F)
The Thompson's plan to buy a home for $145,000 with a 15% down payment. The closing costs will be as follows: inspections, $425; legal fees, $1,295; title insurance, $190; miscellaneous fees, $345. How much cash will be due at signing? How much money will the Thompson's have to borrow?