Which one of the following is defined as a forward rate?
A. interest rate on a loan made today that will vary as the market rate varies
B. interest rate adjusted for the anticipated rate of inflation
C. expected future interest rate implied by current interest rates
D. interest rate quoted today which will apply to all loans made this week
E. rate agreed upon today for a long-term loan
Answer: C
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Madsen, Inc. intends to increase its profits by 50% in the next fiscal year. Which of the following is most likely to be a lead indicator in Madsen's performance report?
A) return on investment B) number of repeat customers C) net profit margin D) sales revenue growth
The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the space to the left of each account, write IS or BS to identify the statement on which the account appears.____ 1. Office Equipment____ 2. Rent Expense____ 3. Unearned Revenue____ 4. Rent Expense____ 5. Accounts Payable____ 6. Owner, Capital____ 7. Fees Revenue____ 8. Cash____ 9. Notes Receivable____ 10. Wages Payable
What will be an ideal response?
A merchandising business paid $2,500 to purchase inventory and $50 to have the inventory delivered to its customers. Its product costs were $2,550.
Answer the following statement true (T) or false (F)
List one advantage and one disadvantage of a personal interview as a method of data collection