State or municipal bonds that have interest and par value paid for with funds from a designated project or specific tax are known as ________ bonds

A) Series EE
B) life cycle
C) revenue
D) general obligation
E) none of the above


Answer: C

Business

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A follower who is inquisitive, does not take things at face value, and attempts to develop creative approached to work would be described as a(n) ______.

a. dependent, uncritical thinker b. independent, uncritical thinker c. independent, critical thinker d. conformist

Business

Amethyst Company paid off a $100,000 two-year note payable. The effect of this transaction is that the:

A) current ratio decreased. B) earnings per share increased. C) working capital increased. D) debt to equity ratio increased.

Business

Consider the balance sheet of Wilkes Industries as shown below. Because Wilkes has $800,000 of retained earnings, the company would be able to pay cash to buy an asset with a cost of $200,000. Cash$     50,000 Accounts payable$   100,000 Inventory200,000 Accruals     100,000 Accounts receivable     250,000 Total CL$   200,000 Total CA$   500,000 Debt200,000 Net fixed assets$   900,000 Common stock200,000  _________ Retained earnings     800,000 Total assets$1,400,000 Total L & E$1,400,000

Answer the following statement true (T) or false (F)

Business

A plan for selling individually underwritten property and liability insurance to members of a group is called

A) direct response. B) multiple distribution. C) niche marketing. D) mass merchandising.

Business