What is a zero coupon bond?
What will be an ideal response?
A zero coupon bond is sold at a steep discount and pays no semiannual interest payments.
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Activity selection decreases the time and resources required by different activities
Indicate whether the statement is true or false
A "single" life policy
A) only covers one life. B) only covers single individuals. C) can be purchased with a single dividend. D) can only have one beneficiary.
Lawrence Sales Corporation offers warranties on all their electronic goods
Warranty expense is estimated at 3% of sales revenue. In 2017, the company had $603,000 in sales. In the same year, Lawrence Sales replaced defective goods with a cost of $16,500. Which of the following is the entry needed to record the replacement of the defective goods? A) Estimated Warranty Payable 16,500 Merchandise Inventory 16,500 B) Warranty Expense 16,500 Estimated Warranty Payable 16,500 C) Warranty Expense 18,090 Estimated Warranty Payable 18,090 D) Warranty Expense 18,090 Merchandise Inventory 18,090
Durable goods such as television sets and appliances generally reach their target markets through ____; goods such as car batteries and tires generally reach their target markets through _____.
A. intensive distribution; intensive distribution B. exclusive distribution; intensive distribution C. selective distribution; exclusive distribution D. selective distribution; intensive distribution E. selective distribution; selective distribution