Wiggles Right forecasted inventory purchases of $5,000 in October, $4,000 in November, and $4,000 in December. All purchases are on credit. 40% is paid in the month of the purchase, and the remainder is paid in the following month. How much cash is paid in November?
A) $5,400
B) $4,800
C) $6,000
D) $4,600
D) $4,600
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________ is described as the science or philosophy of the law
A) Morality B) Ethics C) Justice D) Jurisprudence
The term "issuer"
a. is not used in relation to commercial paper. b. is an all-purpose term that means both maker and drawer. c. is synonymous with drawee. d. is used in relation to commercial paper only to indicate the bank which creates a certificate of deposit.
Which of the following is true?
A) The forward rate is the same as the spot rate that will prevail in the future. B) The future spot rate is equal to the forward rate less the current spot rate. C) The future spot rate is the current spot rate increased by the inflation rate. D) The actual spot rate that will prevail in the future is not known today.
The attention-grabbing behavior of agencies that go out to consumer environments and boast about how great a brand or item is in order to spread the word best defines
A) referral economy. B) blasting. C) sneezing. D) shouting.