Plain vanilla interest rate swaps are exchanges of
A. interest only.
B. principal only.
C. interest rate and currency.
D. principal and interest.
E. principal and currency.
Answer: A
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The following totals for the month of April were taken from the payroll register of Magnum Company: Salaries $10,000 FICA taxes withheld 750 Income taxes withheld 2,000 Medical insurance deductions 450 Unemployment taxes 420 The entry to record accrual of employer's payroll taxes would include a
a. debit to Payroll Tax Expense for $1,170 b. debit to FICA Taxes Payable for $1,500 c. credit to Payroll Tax Expense for $420 d. debit to Payroll Tax Expense for $1,620
Kingsland is a country that has been exporting apples to the United States for over a century, shipping 300 tons to Georgia each month. However, in the last transaction, Kingsland violated a trading norm that was not condoned by Georgia
Which of the following measures should be taken to regulate apple imports from Kingsland? A) Georgia can stop trading with Kingsland after serving a notice. B) Georgia can stop trading with Kingsland without serving a notice. C) Georgia can appeal to the federal authority that can stop imports from Kingsland. D) Georgia can make Kingsland export its apples to North Carolina.
After direct marketing, the next slightly longer marketing channel adds a(n)
A. retailer. B. producer. C. wholesaler. D. agent. E. consumer.
Romeiro Corporation is preparing its cash budget for September. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $160,000 and budgeted cash disbursements total $152,000. The desired ending cash balance is $70,000. The company can borrow up to $120,000 at any time from a local bank, with interest not due until the following month.Required:Prepare the company's cash budget for September in good form.
What will be an ideal response?