All of the following are potential advantages of commercial paper EXCEPT
A) ability to borrow very large amounts.
B) lower interest rates than comparable sources of short-term financing.
C) no compensating balance requirements.
D) flexible repayment terms.
D
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On December 1, 2016, Old Car Co borrowed money at the bank by signing a 90-day non-interest-bearing note for $24,000 that was discounted at 8%. Which of the following entries is correct?
A) March 1, 2017Note Payable 23,520Cash 23,520 B) December 31, 2016Interest Expense 160Interest Payable 160 C) December 1, 2016Cash 24,000Note Payable 24,000 D) December 31, 2016Interest Expense 160Discount on Notes Payable 160
The chief executive officer earns $10,100 per month. As of May 31, her gross pay was $50,500. The tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7000 of an employee's pay. What is the amount of FICA-Social Security withheld from this employee for the month of June?
A. $7420.47 B. $270.68 C. $626.20 D. $292.90 E. $1252.40
Today's direct marketers use databases to deliver their offerings through personalized communications to small target groups or even individual customers
Indicate whether the statement is true or false
When advertisers attempt to answer the question, "Who will be effective in getting consumers' attention?" they are addressing the ________ component of the persuasion matrix.
A. receiver/comprehension B. channel/presentation C. message/yielding D. source/attention E. channel/yielding