________ is the risk of being unable to cover operating costs of a firm
A) Systematic risk
B) Business risk
C) Financial risk
D) Diversifiable risk
B
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Provide some reasons why a team approach to starting a business is preferable over a founder who wishes to go at it alone.
What will be an ideal response?
Rolliand Bank is going through a financial crisis. Therefore, it takes a loan from the Federal Reserve. The bank has to repay the loan within a year, and it also has to pay a monthly interest of 6% to the Fed. In this case, the 6% interest rate that the Fed charges from Rolliand Bank is the _____.
A. prime rate B. nominal rate C. discount rate D. exchange rate
Materials inventory consists of all products on which work has been started but is not yet finished at the end of the accounting period.
Answer the following statement true (T) or false (F)
Ron Smith has cumulative earnings of $110,100. This week he is paid $2,000. Assuming the Social Security rate is 6.2% on $128,400 and 1.45% for Medicare, what is the amount of Social Security and Medicare taken out of Ron's earnings?
What will be an ideal response?