A financial intermediary
A. is a government-owned acceptor of deposits.
B. pools the funds of many people.
C. speculates in the stock market.
D. advances loans but does not accept deposits.
Answer: B
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A company issued 4,000 shares of $5 par common stock for $30 per share. The company purchased 1,200 shares as treasury stock at $32 per share. Later, the company reissued 400 shares of the treasury stock at $34 per share. Which of the following is true?
a. The Treasury Stock account should have a balance of $24,800. b. The company has a gain of $800 that should appear on the income statement. c. The Treasury Stock account should have a balance of $25,600. d. The company has a gain of $1,600 that should appear on the income statement.
Which of the following statements is not correct with respect to Fetzer Vineyards' sustainability efforts?
A. Fetzer accounts for its profit (one component of the triple bottom line) based on growth and dollars. B. Fetzer accounts for its planet impact (one component of the triple bottom line) by protecting its environment. C. Barney Fetzer began producing wine in 1968, and he incorporated triple bottom line sustainability accounting in 2014. D. Fetzer accounts for its people impact (one component of the triple bottom line) by contributing to society.
______ refers to the production capability of a facility per unit of time.
A. Capacity B. Inventory buffer C. Demand D. Production volume
Business letters are important when a permanent record is required, when a message is confidential, and when ________ is necessary
Fill in the blank(s) with correct word