Commercial paper is ________
A) sold at its par value
B) sold at a discount from its par value
C) sold at the prime rate
D) sold at a premium from its par value
B
You might also like to view...
Miguel, a welder in a production line, earns $800 per week and will receive a $ 2,750 bonus at year-end, a 2-week paid vacation, and 15 paid holidays. Assuming a 50-week year, the combined amount of the accruals for bonus, vacation, and holiday pay in the weekly payroll would be:
a. $120 b. $150 c. $80 d. $135
Answer the following statement(s) true (T) or false (F)
Surprisingly, growth of sales is generally not considered a critical factor in assessing new ventures.
Cosmo Inc. purchased an asset costing $67,500 by paying $13,500 cash at date of purchase and giving the seller a 5-year interest-bearing note for the $54,000 balance. Cosmo's tax basis in the asset is $13,500.
Answer the following statement true (T) or false (F)
George is 65 years old. He supports his father who is 90 years old, blind, and has no income. How many exemptions should George claim on his tax return?
A) 1 B) 2 C) 3 D) 4