A $7,300, 11.9% note is dated April 21 and is due in 60 days. The amount of interest on the due date of the note would be
a. $119.00.
b. $60.00.
c. $73.00.
d. $144.78.
d
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A publishing company that purchases a chain of bookstores to sell its books is an example of unrelated diversification.
Answer the following statement true (T) or false (F)
In a local university, 70% of the students live in the dormitories. A random sample of 75 students is selected for a particular study. The probability that the sample proportion (the proportion living in the dormitories) is at least 0.60 is
A. 0.0294. B. 0.9706. C. 0.0228. D. 0.9772.
While advertising campaigns can help create name recognition, brand knowledge, and perhaps even some brand preference, brands are not maintained by advertising but by ________
A) brand differentiation B) line extensions C) brand experiences D) brand sponsorships E) brand awareness
Explain the difference between cash and cash equivalents.
What will be an ideal response?