Jerry McGuire uses his Visa card to buy a new washer and dryer and a new refrigerator for his home. He plans on paying off the credit card over the next two years. How is Jerry using his credit card?
A. As an installment loan
B. As a noninstallment loan
C. As a lump sum payer
D. As a debit card
E. None of the options is correct
A. As an installment loan
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Greco Co issued ten-year term bonds on January 1, 20x5, with a face value of $1,600,000. The face interest rate is 6 percent and interest is payable semi-annually on June 30 and December 31. The bonds were issued for $1,381,920 to yield an effective annual rate of 8 percent. The effective interest method of amortization is to be used. The carrying value of the bonds payable on the December 31,
20x5, balance sheet date should be A) $1,392,824. B) $1,396,472. C) $1,396,764. D) $1,381,920.
A marketing communications director has overall responsibility for the company's communications efforts
Indicate whether the statement is true or false
Which of the following is/are not true regarding the classification of redeemable preferred shares on the balance sheet?
a. The classification of redeemable preferred shares on the balance sheet depends on the conditions for redemption. b. If only the issuing firm has the option to redeem, then the preferred shares are part of its shareholders' equity. c. If the issuing firm must redeem the preferred shares (so-called "mandatory redemption"), either at a specified time or upon a specified condition certain to occur, the issuing firm treats the preferred shares as its shareholders' equity. d. If the preferred shareholders have the option to require redemption, then the preferred shares appear as a liability under U.S. GAAP. e. If the preferred shareholders have the option to require redemption, then the preferred shares appear as a liability under IFRS.
Whether buyer-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of
A. how many buyers purchase all of their requirements from a single seller versus how many purchase from several sellers. B. whether industry members are spending more or less on advertising. C. the extent to which buyers can exercise enough bargaining power to influence the conditions of sale in their favor and whether strategic partnerships between certain industry members can adversely affect other industry members. D. the speed with which general economic conditions and interest rates are changing. E. the number of buyers versus the number of sellers.