You have to make a balloon payment on your house five years from now of $15,000. If money
can earn an average of 6 percent a year for the five-year period, what factor will you use to
determine what to deposit now?
A) 0.7462 B) 0.7473 C) 1.3382 D) 1.3401
B
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Exhibit 16-1 The Zeller Corporation's stockholders' equity accounts have the following balances as of December 31, 2016: Common stock, $10 par (30,000 shares issued and outstanding) $ 300,000 Additional paid-in capital 2,000,000 Retained earnings 5,700,000 Total stockholders' equity $8,000,000 ? Refer to Exhibit 16-1. On January 2, 2017, the board of directors of Zeller declared a 5% stock
dividend to be distributed on January 31, 2017. The market price per share of Zeller's common stock was $30 on January 2 and $32 on January 31. As a result of this stock dividend, the retained earnings account should be decreased by A) zero; only a memorandum entry is required. B) $15,000. C) $45,000. D) $48,000.
Which of the following statements is true of a promotional mix?
a. Control over message content is greatest when public relations is used. b. A large audience is best reached with personal selling. c. In advertising, the sponsor or company is identified. d. The mode of communication for sales promotion is usually direct and personal.
The primary argument of the regulation school of social responsibility is that since managers are responsible ________
A) to the government, a corporation cannot be trusted due to corrupt government officials B) only to a board of directors that represents shareholders, the corporation cannot be trusted to act in a socially responsible manner C) to the government, they can seldom be trusted to ensure public interest D) only to a board of directors that represents shareholders, a corporation can be trusted to act in a way that ensures consumer sovereignty
When a corporation retires its shares of treasury stock, the stock certificates are canceled
Indicate whether the statement is true or false