A certificate representing a promise to pay a definite amount of money at a stated interest rate on a specified due date is called a
A) bond.
B) promissory note.
C) share of stock.
D) note.
A
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A new investment opportunity for you is an annuity that pays $550 at the beginning of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
A. $1,412.84 B. $1,487.20 C. $1,565.48 D. $1,643.75 E. $1,725.94
Of a company's employees, 50 percent typically qualify to receive two weeks' paid vacation a year in 50 working weeks. The entry to record the amount of estimated liability for vacation pay for a week in which the total payroll is $2,900
a. Estimated Liability for Vacation Pay 116 Cash 116 b. Vacation Pay Expense 232 Cash 232 c. Vacation Pay Expense 58 Estimated Liability for Vacation Pay 58 d. Cash 29 Estimated Liability for Vacation Pay 29
Which of the following is true of ownership rights of an abandoned property?
A) The finder and owner must share ownership of the property. B) The finder acquires title to the property, even against its original owner. C) The owner can reclaim his or her property completely from the finder. D) The owner of the premises where property is mislaid is entitled to possession but does not acquire title.
Electro Technologies, Inc. (ETI) has limited capital and wants to reduce the risk of competitors taking customers if it invests in a new product-market. Its broad product-market consists of three reasonably distinct submarkets. To identify a target market, ETI should probably focus on using the ________ approach.
A. mass marketing B. single target market C. multiple target market D. combined target market E. None of these is a good choice for Electro Technologies, Inc.