A perpetuity pays $550 at the end of every month. The PV of the perpetuity is $36,000. What is the nominal annual rate (APR) on the perpetuity?
A) 18.33%
B) 9.17%
C) 19.96%
D) 13.42%
E) 15.15%
A
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Lawson Corporation's checkbook balance on December 31 . 2014, was $8,000 . In addition, Lawson held the following items in its safe on December 31: Check payable to Lawson Corporation, dated January 2, 2015, not included in December 31 checkbook balance.. $2,000 Check payable to Lawson Corporation, deposited December 20, and included in December 31 checkbook balance, but returned by bank on
December 30, stamped "NSF." The check was redeposited January 2, 2015, and cleared January 7 .. 400 Post-dated checks ....................................... 150 Check drawn on Lawson Corporation's account, payable to a vendor, dated and recorded December 31 . but not mailed until January 15, 2015 .................................. 1,000 The proper amount to be shown as cash on Lawson's balance sheet at December 31 . 2014, is a. $7,600. b. $8,000. c. $8,600. d. $9,750.
The proceeds of a discounted note are equal to the face value of the note
Indicate whether the statement is true or false
___________ is taking a position in one market to offset exposure to price changes in another market.
Fill in the blank(s) with the appropriate word(s).
Objective theory of contracts states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties
Indicate whether the statement is true or false