Constructive delivery occurs when property is physically transferred
Indicate whether the statement is true or false
F
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The amortization of a bond premium will result in reporting an amount of interest expense for an interest period that
a. exceeds the amount of cash to be paid for interest for the period. b. is less than the amount of cash to be paid for interest for the period. c. has no predictable relationship with the amount of cash to be paid for interest for the period. d. equals the amount of cash to be paid for interest for the period.
Which of the following interests in land approximates absolute ownership?
A) life estate B) leasehold C) estate in fee simple D) condominium E) none of the above
Longwood, Inc. manufactures various lines of computer equipment and is planning to introduce a new line of laptops. Current plans call for the production and sale of 1,000 units, with estimated costs as follows: Variable costs: Manufacturing$450,000 Selling and Administrative 100,000 Total variable costs $550,000 Fixed costs: Manufacturing$300,000 Selling and Administrative 180,000 Total fixed costs 480,000 Total costs $1,030,000 The average amount of capital invested in the laptop product line is $900,000 and Longwood's target return on investment is 18%. What price must Longwood charge if the company uses cost-plus pricing based on total variable cost?
A. $712. B. $900. C. $1,192. D. $1,030. E. None of the answers is correct.
A company invests $1,000 in a five-year zero-coupon bond and $4,000 in a ten-year zero-coupon bond. What is the duration of the portfolio?
A. 6 years B. 7 years C. 8 years D. 9 years