E-cigarettesSmoking inflames non-smokers and claims the lives of more than 400,000 smokers each year, so the electronic cigarette is a welcomed alternative. Electronic cigarettes, called e-cigarettes, are battery-powered devices that emit a vapor from nicotine, flavorings, and other chemicals. It looks like a cigarette and allows smokers to inhale the nicotine vapor in places where smoking is not allowed. The product has been touted as a means to quit smoking as well. However, critics, especially the Food and Drug Administration, claim that "vaping" poses risks. In fact, the FDA claims its tests revealed a toxic chemical that is found in anti-freeze as well as other carcinogens. The FDA blocked a shipment of the product from China and banned the sale of this product in the
United States. In addition to the safety issue, the FDA is concerned that children might be attracted to this product because they come in flavors other than traditional menthol, such as bubble gum, chocolate, and strawberry. The FDA wants this product to go through the same rigorous testing that drugs must go through before being marketed. However, the FDA's authority over this product is questioned. While Congress has recently given the FDA authority over tobacco products, this is not a tobacco product and the Electronic Cigarette Association is fighting the ban.Refer to E-cigarettes. Marketers of the e-cigarette claim that they are not marketing the product to children, particularly because a starter kit costs over $100. Which economic factor are the marketers claiming will likely keep this product out of the hands of children?
A. income
B. inflation
C. recession
D. purchasing power
E. interest rates
Answer: A
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Cherry Corporation sold $200,000 of 12% bonds at par. Each $1,000 bond carried ten warrants, each of which allows the holder to acquire one share of $10 par common stock for $30 per share. After issuance, the bonds were quoted at 99 ex rights, and the warrants were quoted at $4 each. Cherry Corporation should have assigned to the rights a value of
A) $8,000. B) $7,767. C) $7,500. D) $5,882.
Which type of listening is best when you need to form an opinion or make an important decision?
a. comprehensive listening b. empathic listening c. argumentative listening d. critical listening
Allowance for Bad Debts is a contra-sales account because it is reported as a reduction of sales on the income statement
Indicate whether the statement is true or false
Serena purchased a home for $220,000, insuring it for $120,000 with Falcon Insurance. She later purchased a $60,000 policy from Devon Life. The home was totally destroyed by fire six months later. Under these circumstances, which of the following statements is true?
A. Serena cannot recover $180,000-the total of both policies. B. She cannot claim insurance from either as policies with pro rata clauses cover only partial losses. C. Serena cannot claim more than $60,000 from Devon Life. D. Serena can claim the entire damages, $220,000, only from Falcon Insurance as its policy amount is greater.