A buyer in Atlanta enters into a sales contract with a seller in Chicago. If the contract does not mention the place for delivery of the goods, the place of delivery will be:
A) at the seller's business or residence in Chicago.
B) as stated in all destination contracts.
C) at the buyer's business or residence in Atlanta.
D) irrelevant, since the contract is void.
A
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The interest coverage ratio equals income before income taxes plus interest expense divided by
a. income before income taxes. b. net income. c. interest expense. d. total assets.
Which of the following supports informational needs?
A) Purpose B) Desired outcome C) Potential audience action D) Audience knowledge of background information E) Business results
Suppose that the introduction of a preventive maintenance program is deemed cost effective. Which of the following is most likely true if the cost to actually perform preventive maintenance is very expensive?
A) high standard deviation in MTBF B) low standard deviation in MTBF C) low cost to repair D) Repairs carry little nonmonetary consequences. E) The system never fails.
Which of the following statements is CORRECT?
A. On an expected yield basis, the expected capital gains yield will always be positive because an investor would not purchase a bond with an expected capital loss. B. On an expected yield basis, the expected current yield will always be positive because an investor would not purchase a bond that is not expected to pay any cash coupon interest. C. If a coupon bond is selling at par, its current yield equals its yield to maturity. D. The current yield on Bond A exceeds the current yield on Bond B; therefore, Bond A must have a higher yield to maturity than Bond B. E. If a bond is selling at a discount, the yield to call is a better measure of return than the yield to maturity.