The payment of Florida's debt to Guillermo is guaranteed by Florida's personal property. Guillermo is
A. a lienor.
B. a secured party.
C. a mortgagee.
D. a usurer.
Answer: B
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The Allowance for Bad Debts has a credit balance of $8000 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the aging-of- receivables method, the company's management estimates that uncollectible accounts will be $15,000. What will be the amount of Bad Debts Expense reported on the income statement?
A) $23,000 B) $7000 C) $15,000 D) $8000
Salespeople who love their products, and possess vast product knowledge, sometimes overload their customers with product data that is neither wanted nor needed. Which term best describes this practice?
A) product integration B) win-win selling C) customer overload D) feature dumping E) solution selling
White-collar crimes are primarily committed by ________.
A. factory workers B. laborers C. habitual shoplifters D. managerial employees
If next year's bond prices for 3-year zero coupon bonds may be either 0.8923 or 0.8644, what is the yield volatility?
A) 12.7% B) 13.7% C) 14.7% D) 15.7%