Define "money market" and "capital market" and give an example of a security that trades in each
What will be an ideal response?
Answer: The money market is the term for the market for short-term, low-risk, highly liquid, homogeneous securities such as Treasury bills, negotiable certificates of deposit or commercial paper. The capital market consists of transactions in longer-term financial assets such as stocks and bonds.
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Sadie and Sam share income equally. For the current year, the partnership net income is $40,000 . Sadie made withdrawals of $14,000, and Sam made withdrawals of $15,000 . At the beginning of the year, the capital account balances were Sadie, capital, $42,000? Sam capital, $58,000 . Sam's capital account balance at the end of the year is
a. $78,000 b. $43,000 c. $63,000 d. $93,000
A résumé summarizes information related to a job's requirements; the application message
a. adds exact details needed for processing payroll and benefits. b. summarizes how the company can benefit the applicant. c. should be omitted unless specifically requested. d. interprets the résumé in terms of employer benefits.
Match the following profit measures to their definitions.
a) Gross profit. Choose... i) A comparative indicator of profit in relation to sales value. ii) Gross profit less all operating expenses but not interest and taxes. iii) A measure of company performance after deducting operating expenses and interest but not taxes. iv) A simple measure of profit obtained from the sale of goods and services. Also referred to as sales profit. b) Net profit. Choose... i) A comparative indicator of profit in relation to sales value. ii) Gross profit less all operating expenses but not interest and taxes. iii) A measure of company performance after deducting operating expenses and interest but not taxes. iv) A simple measure of profit obtained from the sale of goods and services. Also referred to as sales profit. c) Operating profit. Choose... i) A comparative indicator of profit in relation to sales value. ii) Gross profit less all operating expenses but not interest and taxes. iii) A measure of company performance after deducting operating expenses and interest but not taxes. iv) A simple measure of profit obtained from the sale of goods and services. Also referred to as sales profit. d) Profit margin. Choose... i) A comparative indicator of profit in relation to sales value. ii) Gross profit less all operating expenses but not interest and taxes. iii) A measure of company performance after deducting operating expenses and interest but not taxes. iv) A simple measure of profit obtained from the sale of goods and services. Also referred to as sales profit.
Which of the following is NOT a remedy given by the Sale of Goods Act to an unpaid
seller? A) The right to reclaim possession of the goods while still in transit. B) A right to seize the goods C) The right to delay delivery of the goods until payment has been made. D) A right to sue the purchaser for the purchase price E) The right to retain any deposit received from the purchaser