Explain the bet Robert Citron made with Orange County's funds and how it went bad
What will be an ideal response?
Robert Citron bet that interest rates would fall and the yield curve would remain upward sloping. As a result, he leveraged OCIP's position by borrowing short-term funds to acquire medium-term and long-term assets with fixed interest returns. When interest rates rose and the yield curve flattened, Citron incurred huge capital losses on his long-term investments and found his yield-curve returns dwindling.
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Which of the following indicates subsections within a major section of a document?
A) Heading B) Subheading C) Major heading D) Descriptive heading E) Informative heading
What defines an extension of stratification?
a. Matosas matrix b. A pivot table c. Summarization d. Soundex
Use the following information to answer the question below. When Calvert Corporation was formed on January 1, 2010, the corporate charter provided for 50,000 shares of $20 par value common stock. The following transactions were among those engaged in by the corporation during its first month of operation: 1 . The corporation issued 200 shares of stock to its lawyer in full payment of the $5,000
bill for assisting the company in drawing up its articles of incorporation and filing the proper papers with the state agency. 2 . The company issued 8,000 shares of stock at a price of $25 per share. 3 . The company issued 7,000 shares of stock in exchange for equipment that had a fair market value of $160,000. The entry to record transaction 1 would be: a. Start-up and Organization Costs 4,000 Common Stock 4,000 b. Start-up and Organization Costs 5,000 Common Stock 4,000 Additional Paid-in Capital 1,000 c. Start-up and Organization Costs 4,000 Additional Paid-in Capital 4,000 d. Start-up and Organization Costs 5,000 Common Stock 5,000
________ is any communication addressed to a consumer that is designed to generate a response
A) Personal selling B) Advertising C) Direct marketing D) Sales promotion E) Publicity