An annual percentage rate must be converted to the appropriate periodic rate when compounding is more frequent than once a year
Indicate whether the statement is true or false.
Answer: TRUE
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Deleting the question from the survey is an alternative for the treatment of unsatisfactory responses
Indicate whether the statement is true or false
Campus Bus Service entered into a contract with Smith Bus Company to purchase 10 buses. One week before Campus Bus was scheduled to receive the buses, a fire destroyed Smith's warehouse and the buses inside. As a result, Campus Bus had to purchase its buses at a slightly higher cost from another manufacturer. Campus Bus sues Smith Bus for damages for breach of contract under these circumstances. Assume Campus Bus did not bear the risk of loss of the goods under the contract. In this scenario, ________.
A. Smith Bus should not be excused from performance because it did not act in good faith B. Smith Bus can exercise its right of anticipatory repudiation C. Smith Bus should be excused from performance under the clause for the rights on improper delivery D. Smith Bus should be excused from performance under the test of commercial impracticability
Customer satisfaction is an important focus for marketers because
A. the financial value of a satisfied, loyal customer over time can be significant. B. marketing research is an expensive proposition; the fewer times it needs to be done, the better off the company is. C. attracting new customers is easier than keeping old ones. D. consumers are unable to assess it by themselves. E. a 50 percent increase in customer retention can increase a company's profits by 5 percent.
What would be the adjusting entry for a note payable whose interest is not included in the face amount of the note?
a. Debit Interest Receivable and credit Interest Income. b. Debit Interest Expense and credit Cash. c. Debit Interest Expense and credit Interest Payable. d. Debit Cash and credit Notes Payable.