. If the spot price of the Swiss franc is $0.4020 and the 90-day forward franc sells for $0.4026, then the franc is at a 90-day forward discount of $0.0006 or at a 0.2 percent forward discount per annum against the dollar.
a. True
b. False
b. False
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Athena Company provides employee health insurance that costs $5,000 per month. In addition, the company contributes an amount equal to 5% of the employees' $120,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:
A. Credit to Employee Benefits Expense $11,000. B. Debit to Employee Benefits Expense $11,000. C. Debit to Medical Insurance Payable $5,000. D. Debit to Payroll Taxes Expense $11,000. E. Debit to Employee Retirement Program Payable $6,000.
How is "sales" defined in the CISG?
What will be an ideal response?
Uncle Brandon promises to give his motorcycle to you for free at the end of the month. This transaction is governed by UCC, Article 2, because a motorcycle is within the definition of "goods."
a. True b. False Indicate whether the statement is true or false
The most important variable in a firm's marketing mix is
A. Promotion. B. Place. C. Price. D. Product. E. None of these answers is correct, since all contribute to one whole.