Ollie negotiates an order instrument to Phil by
A. assignment of its rights under a contract.
B. delivery with any necessary indorsement.
C. making an unconditional promise to pay.
D. presenting it in response to a demand by B.
Answer: B
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Another name for a dummy variable is a binary variable
Indicate whether the statement is true or false
The management of Crosson Corporation is investigating the purchase of a new satellite routing system with a useful life of 9 years. The company uses a discount rate of 17% in its capital budgeting. The net present value of the investment, excluding its intangible benefits, is -$173,055. (Ignore income taxes.)Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.Required:How large would the additional cash flow per year from the intangible benefits have to be to make the investment in the automated equipment financially attractive?
What will be an ideal response?
Belgian Beer brewer InBev bought Anheuser-Bush for $52 billion. This is an example of a _____.
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Garrett conducts a study of a company that shows that employees who work more than eight hours a day are paid more than their coworkers. This leads Garrett to believe that working longer hours results in higher pay rates. However, re-analysis of the data from the study shows that the employees working longer hours have salaried jobs and are paid the same rate no matter how many hours they work. Their higher pay rate is a result of their increased responsibilities. Which of the following errors in interpretation is illustrated by Garrett's initial conclusion?
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