In which of the following situations will a smaller sum be unable to discharge a larger debt?
A) If the smaller sum is paid before the due date of the larger debt.
B) If an additional article or service is given together with the payment of the smaller sum.
C) If the smaller sum is paid when the larger sum would ordinarily be due, but the debtor is on the verge of insolvency.
D) A smaller sum is never able to discharge a larger debt.
C
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Marketers rely on social media to achieve three objectives: members promoting themselves to gain more friends, sites promoting to get more members, and
A. members paying to view sites. B. outside companies promoting their products and services to appeal to potential customers. C. outside companies promote to the social media site to gain potential customers. D. members promoting sites to gain more friends. E. potential customers paying to view sites.
Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. The number of units transferred to finished goods during the year is: Beginning Work in Process (40% complete, $1,100)200 unitsEnding inventory of Work in Process (80% complete)400 unitsTotal units started during the year3,200 units
A. 3,160 units. B. 3,500 units. C. 3,000 units. D. 3,200 units. E. 3,400 units.
Elyon holds a savings account in the Rochester City Bank in the United States. During an economic downturn, the bank suffers great losses. Elyon, however, is insured under the Federal Deposit Insurance Corporation and his savings are protected as the insurance covers his deposit value. Which of the following laws ensured the protection of depositors from a bank's failure?
A. The Sarbanes-Oxley Act B. The Glass-Steagall Act C. The Gramm-Bliley-Leach Act D. The Securities Act
Assume that you purchase 100 shares of Jiffy, Inc. common stock at the bid-ask prices of $32.00 - $32.50. When you sell, the bid-ask prices are $32.50 - $33.00. If you pay a commission rate of 0.5%, what is your profit or loss?
A) $0 B) $16.25 loss C) $32.50 gain D) $32.50 loss