Which of the following companies purchased Instagram?
A. Google
B. Apple
C. Facebook
D. Microsoft
Answer: C
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When short-term interest rates become lower in Tokyo than in New York, interest arbitrage operations will most likely result in a(n)
a. increase in the spot price of the yen. b. increase in the forward price of the dollar. c. sale of dollars in the forward market. d. purchase of yen in the spot market.
Consumer promotions are for end-users and customers while trade promotions are for channel members
Indicate whether the statement is true or false
A corporation reports the following year-end balance sheet data. The company's acid-test ratio equals: Cash$49,000? Current liabilities$84,000? Accounts receivable 64,000? Long-term liabilities 20,000? Inventory 69,000? Common stock 109,000? Equipment 154,000? Retained earnings 123,000? Total assets$336,000? Total liabilities and equity$336,000?
A. 2.17 B. 0.45 C. 0.31 D. 1.35 E. 0.69
Last year, Abby loaned her friend, Pat, $10,000. Although Pat had signed a note payable that contained interest payments and a maturity date, the loan had not been repaid this year when Pat died insolvent. For this year, assuming that the loan was bona fide, Abby should account for nonpayment of the loan as a(n)
A) itemized deduction. B) ordinary loss. C) long-term capital loss. D) short-term capital loss.