Open-to-buy is the difference between planned purchases and purchase commitments made by a buyer during the month

Indicate whether the statement is true or false


True

Business

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A contract in which a party assumes a secondary obligation must be in writing to be enforceable.

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

Business

Which of the following is not necessary for bailment?

A) Actual delivery of possession B) Personal property C) Duty to return the property to the owner D) B and C E) A and B.

Business

Tangshan Coal Inc just issued a 10 percent, 25-year bond with a $1,000 par value that pays interest semiannually

(a) How much can the investor expect in annual interest (in dollars)? (b) How much can the investor expect in interest every six months (in dollars)? (c) How much can the investor expect in par value at the end of the 25th year?

Business

Heather has the equivalent of one year's income in an insured savings account

Her 401-K fund offers a choice of a government bond fund, an S&P 500 Index fund, and a balanced fund that holds roughly equal amounts of stocks and bonds. If she decided to allocate 1/3 of her retirement investments to each fund, she may be a victim of A) overconfidence. B) narrow framing. C) loss aversion. D) representativeness.

Business