Rooms-To-Go furniture retailers perform a channel intermediary facilitating function by providing financing for customers' purchases

Indicate whether the statement is true or false


TRUE

Business

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Tomkin Library System issues $5 million in bonds on January 1, 2021 that pay interest semi-annually on June 30 and December 31. A portion of the bond amortization schedule appears below:DateCash PaidInterest ExpenseDecrease in Carrying ValueCarrying Value01/01/2021         $5,500,000 06/30/2021$250,000 $220,000 $30,000  5,470,000 12/31/2021 250,000  218,800  31,200  5,438,800 What is the total cash paid for interest assuming the bonds mature in 7 years?

A. $5,000,000. B. $8,500,000. C. $5,500,000. D. $3,500,000.

Business

Risk avoidance involves asking an insurance company to take over the risk in exchange for a small payment.

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

Business

In 2018, which of the following accounted for the smallest amount of B2B commerce?

A. EDI B. private industrial networks C. Net marketplaces D. traditional B2B

Business

When planning for disasters, it is important to first identify those systems that are:

A) outsourced. B) legacy systems. C) highly technical. D) mission critical.

Business