A debt security ________
A) represents a credit relationship with another company or governmental entity, and typically pays interest for a fixed period
B) represents stock ownership in another company and sometimes pays dividends
C) is a standardized contract between two parties to buy or sell an underlying security at a predetermined price on a specific date
D) is a cash market transaction in which the ownership of the underlying asset is deferred until a specific date
A
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Net marketing contribution equals ________
A) (volume/margin per unit) - marketing and sales expenses B) volume x margin per unit x marketing and sales expenses C) (volume x margin per unit) - marketing and sales expenses D) (volume x marketing and sales expenses) - margin per unit E) (margin per unit/volume) - marketing and sales expenses
Net Worth Increase + Living Expenses =
a. Income b. Funds from known sources c. Liabilities d. Assets
Quince owns a used-car lot where Ray works as a salesperson. Quince tells Ray not to make any warranties for the cars. To make a sale to Sylvia, however, Ray adds a 50,000-mile warranty. Later, Sylvia sues Quince for breach of warranty. Quince's right to hold Ray liable for any damages he has to pay is the right of A) avoidance
B) cooperation. C) indemnification. D) reimbursement.
________ are the basic governing documents of a corporation which must be drafted and filed with, and approved by, the state before the corporation can be officially incorporated.
A. Debt securities B. Debentures C. Certificates of authority D. Articles of incorporation