Which of the following is an example of financial capital?
A) an electric plant used by a local utility to generate electricity
B) a desk in a classroom
C) a delivery truck used by Federal Express
D) a share of stock issued by IBM
E) all of the above
D
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Two main accounting principles used in accrual accounting are expense recognition and full closure.
Answer the following statement true (T) or false (F)
Which of the following statements is correct regarding acceptance sampling?
A) Sample inspection is 100% accurate. B) The consumer's risk is that a lot with less than the acceptable number of defects will be accepted C) Lots are accepted when the consumer's risk equals the producer's risk. D) The producer's risk is that a batch with more than the acceptable number of defects will be rejected. E) The cost of the sampling plan must be balanced against the consumer's risk and the producer's risk.
If the yield to maturity of all of the following bonds is 6%, which will trade at the greatest premium per $100 face value?
A) a bond with a $10,000 face value, four years to maturity and 6.2% semiannual coupon payments B) a bond with a $500 face value, seven years to maturity and 5.2% annual coupon payments C) a bond with a $5,000 face value, seven years to maturity and 5.5% annual coupon payments D) a bond with a $1,000 face value, five years to maturity and 6.3% annual coupon payments
What are the two proprietary fund types?
What will be an ideal response?