Ignatio applied for a loan for his business that he will repay in 9 months. The best way to describe this loan is as a(n):
A. account payable.
B. accrued expense.
C. short-term note.
D. long-tern debt.
Answer: C
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The data presented below for Pharma Corp is for the year ended December 31, 2015: Sales (100% on credit) $1,400,000 Sales returns 30,000 Accounts Receivable (December 31, 2015) 170,000 Allowance for Doubtful Accounts [Cr. Balance] (Before adjustment at December 31, 2015) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14,000 See the data for Pharma Corp If Pharma Corp
uses the aging of accounts receivable approach to estimate its bad debts, what amount will be reported as bad debt expense for 2015? a. $12,700 b. $13,700 c. $14,000 d. $15,300
When Ford Motor Company is familiar with a product and supplier, but decides to seek additional information on new products in the marketplace, it is in the process of a(n) ________.
A. new purchase B. straight rebuy C. aspirational purchase D. adapted rebuy E. modified rebuy
Consider the following information for three stocks, A, B, and C. The stocks' returns are positively but not perfectly positively correlated with one another, i.e., the correlations are all between 0 and 1. ? Stock Expected Return Standard Deviation ? Beta A 10% 20% 1.0 B 10% 10% 1.0 C 12% 12% 1.4 Portfolio AB has half of its funds invested in Stock A and half in Stock B. Portfolio ABC has one third of its funds invested in each of the three stocks. The risk-free rate is 5%, and the market is in equilibrium, so required returns equal expected returns. Which of the following statements is CORRECT?
A. Portfolio AB has a standard deviation of 20%. B. Portfolio AB's coefficient of variation is greater than 2.0. C. Portfolio AB's required return is greater than the required return on Stock A. D. Portfolio ABC's expected return is 10.66667%. E. Portfolio ABC has a standard deviation of 20%.
For testing the difference between two population proportions, the pooled proportion estimate is found by taking:
a. the proportion of successes from sample 1 plus the proportion of successes from sample 2. b. the total number of successes in both samples divided by the total of both sample sizes. c. the difference between the proportion of successes in each sample. d. None of these choices.