In the equation r = (FV/PV)1/n - 1, the r is sometimes referred to as the ________
A) interest rate
B) discount rate
C) growth rate
D) All of the above
Answer: D
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Consumers with credit cards
A. purchase less than those who purchase with cash or debit cards. B. purchase less when accompanied by children than when in the company of other adults. C. are less influenced by physical surrounding than those who pay by cash or check. D. are influenced to a certain extent by a retailer's physical surroundings to buy more with their credit cards than with cash. E. purchase more than those who purchase with cash or debit cards.
Mike owns a house in a poor area of a large city. Mike is on disability and his total monthly income is $700 . A sales representative visits his home, selling a water purification system. Mike signs a contract that calls for monthly payments of $500 for the next 10 years. The water system is worth no more than $1000 . Mike thought he was signing a permission slip allowing the salesman to conduct
a free water test to determine the toxins in the water. How would a court most likely describe this contract? a. The contract is fully enforceable as written. b. The contract is unenforceable because it is unconscionable. c. The contract is enforceable, but only up to the value of the water system. d. The contract is unenforceable because it is exculpatory.
The bank statement for Raymond Company included a debit memo for a bank service charge of $50.Required:a) Enter this event into the horizontal financial statements model. Indicate dollar amounts of increases and decreases; for accounts that are not affected, indicate NA. For cash flows, show whether they are operating activities (OA), investing activities (IA), or financing activities (FA).Assets=Liab.+Stk. EquityRev.-Exp.=Net Inc.Stmt of Cash Flowsb) Is the bank service charge an asset source, use, or exchange transaction?c) Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance.
What will be an ideal response?
Baby Products, Inc., hires Cole to develop and implement an e-commerce strategy for marketing Baby's products. Cole signs a contract that includes a clause prohibiting him from competing with Baby during and after the employment. Before the strategy is implemented, Cole resigns from Baby's employ and opens a business to compete with Baby. In Baby's suit against Cole, to determine whether Cole may compete with Baby, what is the most important factor the court should consider?
What will be an ideal response?