On April 1, 2017, Banne Services received a 7-month note for $12,000 at 12%. Calculate the amount of interest due at maturity. (Round your answer to the nearest dollar.)
A) $756
B) $924
C) $1,440
D) $840
D .($12,000 x 12%) x 7/12 = $840
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Outsourcing means shifting undesirable jobs or work assignments to another company to cut costs. When the outsourced work moves to another country, the terms "global outsourcing" or "offshoring" are used
Indicate whether the statement is true or false
A regression model between sales (y in $1000), unit price (x1 in dollars), and television advertisement (x2 in dollars) resulted in the following function:
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= 8 - 4x1 + 5x2
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For this model, SSR = 3500, SSE = 1500, and the sample size is 20. To test for the significance of the model, thep-value is
A. less than .01. B. between .01 and .025. C. between .025 and .05. D. greater than .10.
Which of the following would most likely be enforceable?
a. An agreement supported by past consideration. b. A substitute agreement to settle an undisputed debt. c. A debt agreed to seven years ago in a state where the statute of limitations is six years. d. A promise following the rendering of emergency services that is not supported by new consideration.
Last year Ann Arbor Corp had $250,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income, and a debt-to-total-capital ratio of 37.5%. The new CFO believes that a new computer program will enable the company to reduce costs and thus raise net income to $33,000. The firm finances using only debt and common equity. Assets, total invested capital, sales, and the debt to capital ratio would not be affected. By how much would the cost reduction improve the ROE? Do not round your intermediate calculations.
A. 8.15% B. 8.57% C. 8.82% D. 6.74% E. 8.32%