Which of the following types of risk has the most effect on owners of fixed income securities?
A. Business risk
B. Event risk
C. Market risk
D. Interest rate risk
E. Purchasing power risk
Answer: D
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The accounts payable balance at the beginning of the year was $85,000. The company purchased $380,000 worth of goods on account, and the ending balance of the payables account was $70,000.What were the total payments on account?
A. $535,000 B. $450,000 C. $395,000 D. $465,000
The Securities and Exchange Commission (SEC) allowed publicly traded foreign companies to use the International Financial Reporting Standards (IFRS) rather than the Generally Accepted Accounting Principles (GAAP).
Answer the following statement true (T) or false (F)
A jury decision in a civil case A)must always be unanimous
B)must be reached in the same day the case is heard. C)depends on whether or not the parties have agreed to have their case decided by less than a unanimous verdict. D)is achieved by informal deliberations.
Mountain Top Markets has total assets of $48,700, net working capital of $1,100, and retained earnings of $21,200. The firm has 12,500 shares of stock outstanding with a par value of $1 per share and a market value of $7.10 per share. The stock was originally issued to the firm's founders at par value. What is the market-to-book ratio?
A) 3.19 B) 2.22 C) 2.78 D) 3.03 E) 2.63