The Electronic Signatures in Global and National Commerce Act (E-SIGN Act) contains several provisions to protect consumers. Which of these is NOT one of those protections?
A. Consumers must consent to receiving electronic records and contracts.
B. To receive electronic records, consumers must be able to demonstrate that they have access to the electronic records.
C. Copies of all electronic records sent to consumers must also be sent to the National Archives.
D. Businesses must tell consumers that they have the right to receive hard copy documents of their transaction.
Answer: C
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On July 1 . 2014, Saunter issued 2,000 of its 8 percent, $1,000 bonds for $1,752,000 . The bonds were issued to yield 1 . percent. The bonds are dated July 1 . 2014, and mature on July 1 . 2024 . Interest is payable semiannually on January 1 and July 1 . Using the effective-interest method, how much of the bond discount should be amortized for the six months ended December 31 . 2014?
a. $15,200 b. $12,400 c. $9,920 d. $7,600
The Redux Fund has issued 500,000 shares to its investors, and it holds 100,000 shares of various companies worth $3 million. Therefore, the fund's NAV is $30 a share
Indicate whether the statement is true or false.
Product focused processes:
A) allow more customization, but are not very efficient. B) are desirable because resource needs increase slowly with the complexity of a process. C) are processes that are specialized for relatively few products or customer groups. D) apply only to service firms, not to manufacturers. E) are profitable because customers demand flexibility, not specialization.
XYZ Corporation has a P/E ratio of 20 and EFG Corporation has a P/E ratio of 10. It is likely that
A) investors expect XYZ's earnings to grow faster than EFG's earnings. B) investors believe XYZ stock is overvalued. C) investors believe that for the same level of earnings growth, XYZ is a higher risk company. D) XYZ's earnings per share are twice the earnings per share of EFG.