A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on May 21 at 15%, the proceeds are

A) $170
B) $9,830
C) $10,000
D) $10,030


D

Business

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The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partners to business contracts is called

a. unlimited liability b. ease of formation c. mutual agency d. dissolution

Business

 Phillips regularly invests in the securities of established companies. However, he does not invest in new securities issued by companies. His transactions take place in the

A. closed market. B. open market. C. secondary market. D. primary market.

Business

The money intended to restore a plaintiff to the position he was in before the injury is referred to as

a. punitive damages. b. tortious payments. c. compensatory damages. d. conversion payments.

Business

A Bluetooth device can recognize or "discover" another Bluetooth device operating in close proximity, approximately ________ feet

A) 150 B) 30 C) 300 D) 500

Business