A commonly used measure of price sensitivity is
A. price velocity.
B. price elasticity.
C. price adjustment.
D. price variation.
E. price adaptability.
Answer: B
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Under the direct method of preparing a statement of cash flows, the gain on the sale of land is not adjusted orreported as part of cash flows from operating activities
a. True b. False Indicate whether the statement is true or false
A divisional manager is suspected of adding ghost employees to the payroll. Which investigative method can most easily uncover this type of fraud?
a. Undercover operations b. Theft c. Concealment d. Conversion
Why is the balance sheet a useful tool?
What will be an ideal response?
X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity:DateCash PaidInterest ExpenseDecrease in Carrying ValueCarrying Value01/01/2021 $104,212 12/31/2021$7,000 $6,253 $747 103,465 12/31/2022 7,000 6,208 792 102,673 12/31/2023 7,000 6,160 840 101,833 12/31/2024 7,000 6,110 890 100,943 12/31/2025 7,000 6,057 943 100,000 What is the annual stated interest rate on the bonds?
A. 7%. B. 3%. C. 6%. D. 3.5%.