Describe the distinction between a surety and a guarantor.
What will be an ideal response?
A surety is a person who is liable for the payment of another person's debt or for the performance of another person's duty. The surety joins with the person who is primarily liable in promising to make the payment or to perform the duty. A guarantor does not join in making a promise; rather, a guarantor makes a separate promise and agrees to be liable on the happening of a certain event.
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Which of the following entities probably would use a process costing system?
a. An oil refinery b. A yacht builder c. A custom furniture company d. A custom screw manufacturer
Which of the following is not an APA-recognized procedural form of rulemaking?
a. Formal rulemaking b. Informal rulemaking c. Exempted rulemaking d. Hybrid rulemaking
Why have so many online retailers had difficulty in achieving profits? How had this changed by 2018?
What will be an ideal response?
For installment loans, the maturity date is:
A. the date on which the last installment repayment of the principal amount is due. B. the date on which the market interest rate rises above the coupon rate. C. the date on which the coupon rate rises above the market interest rate. D. the date on which the first installment payment is due. E. the date on which the last coupon interest payment is made to the bondholders.