Which of the following is true of an option contract?
A. If the offeree chooses not to buy the property, the consideration paid must be returned.
B. The consideration paid for the option cannot be applied to the sale price.
C. The death or incompetency of either party terminates an option contract.
D. The offer cannot be revoked during the option period.
Answer: D
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?Which of the following statements is true about a zero coupon bond?
A. A zero coupon bond is taxed as a capital gain at the time the bond matures.? B. ?A zero coupon bond is issued at a substantial discount below its par value. C. ?A zero coupon bond is issued at a coupon rate that adjusts for inflation. D. ?The interest received every year on a zero coupon bond is taxed as interest income. E. ?The discount on the issue of a zero coupon bond is written off over its life in the investor's financial statement.
The production manager of Dame Enterprises plans to have an inventory on hand at the end of each month that will equal 150% of the next month's sales. This requirement was met at the end of February. A sales budget for the four months ending June 30th is as follows:MonthUnitsMarch30,000April50,000May80,000June40,000Required:Prepare a production budget for April and May.
What will be an ideal response?
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Indicate whether the statement is true or false
The time it takes a parent to assemble a children's bicycle has been shown to be normally distributed with a mean equal to 295 minutes with a standard deviation equal to 45 minutes
Given this information, the probability that it will take a randomly selected parent more than 220 minutes is about 0.0475. Indicate whether the statement is true or false