Suppose the Inkuyo family invests in the local bottling corporation. Albert, Brad, Carol, and Diana each invest separately. At the end of a very successful quarter, Carol and Brad receive a payment from the corporation equal to 10 percent of their investment. Albert receives 7 percent, but is paid before Carol or Brad. Diana receives 6 percent. If Diana receives her money before Albert, she must
have invested in
a. common stock
b. preferred stock
c. convertible stock
d. corporate bonds
e. low-yield dividends
D
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Under SFAS No. 13, equal monthly rental payments for a particular lease should be charged to rental expense by the lessee for which of the following?
Capital lease Operating lease a. Yes No b. Yes Yes c. No No d. No Yes
If the real exchange rate for the dollar is below the equilibrium level, the quantity of dollars supplied in the market for foreign-currency exchange is
a. less than the quantity demanded and the dollar will appreciate. b. less than the quantity demanded and the dollar will depreciate. c. greater than the quantity demanded and the dollar will appreciate. d. greater than the quantity demanded and the dollar will depreciate.
When the government imposes an effective price ceiling on a monopolist, what will be sure to happen in the short run?
A. The dollar price will increase. B. There will be a shortage of the product. C. The dollar price will fall. D. There will be a surplus of the product.
Consider a market for fish whose market demand and market supply for fish is specified as Qd = 300 ? 2.5P and Qs = ? 20 + 1.5P, respectively. The equilibrium price and quantity is:
A. $100 and 80, respectively. B. $80 and 100, respectively. C. $100 and 130, respectively. D. $40 and 200, respectively.