Constructive delivery is always necessary for gifts of intangible personal property.?
Indicate whether the statement is true or false
True
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The difference between the principal amount of a note and its maturity value is called_____________
Fill in the blank(s) with correct word
When UPS was first established, founder Jim Casey described the firm's focus as follows:
A) to become a leader in international shipping B) to become the world's most profitable company C) to render perfect service to our stores and their customers D) to become the world's most efficient shipping company E) to become the fastest shipper in the world
Trina Productions is a price-taker
The company produces large spools of electrical wire in a highly competitive market; thus, it uses target pricing. The current market price of the electric wire is $800 per unit. The company has $3,100,000 in average assets, and the desired profit is a return of 6% on assets. Assume all products produced are sold. The company provides the following information: Sales volume 110,000 units per year Variable costs $690 per unit Fixed costs $13,000,000 per year If fixed costs cannot be reduced, how much reduction in variable costs will be needed to achieve the desired target? A) $186,000 B) $13,000,000 C) $1,086,000 D) $75,900,000
?The interest rate on a 10 percent, 10-year zero-coupon bond with a $1,000 face value falls from 8 percent to 7 percent. Which of the following is true of the value of the bond? (Round the answer to two decimal places.)
A. ?The present value of the bond at 8 percent is $508.34. B. ?The present value of the bond at 7 percent is $463.19. C. ?The maturity value of the bond at 8 percent is $508.34. D. ?The maturity value of the bond at 7 percent is $508.34. E. ?The present value of the bond at 7 percent is $508.34.