TRUE or FALSE. Underwriter spreads on corporate bonds reflect substantial economies of scale
a. TRUE
b. FALSE
A
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Which financial instrument provides a buyer the right to purchase or sell a fixed amount of currency at a prearranged price within a few days to a couple of years?
a. letter of credit b. foreign currency option c. cable transfer d. bill of exchange
Jenning Co adjusts its books each month but closes its books at the end of the year. The trial balance at July 31 before adjustments is as follows: Debit Credit Cash $12,920 Accounts Receivable 9,620 Supplies 1,400 Prepaid Insurance 3,120 Equipment 26,000 Accumulated Depreciation—Equipment $10,400 Unearned Service Revenue 6,500 Capital Stock 7,190 Retained Earnings 23,500 Dividends 1,560
Service Revenue 16,510 Wages and Salaries Expense 7,800 Utilities Expense 380 Rent Expense 1,300 $64,100 $64,100 Refer to the trial balance for Jenning Co On July 31, the amount of supplies on hand is $520 . What amount is reported in the July income statement for supplies expense? a. $520 b. $1,400 c. $1,920 d. $880
The addition law is potentially helpful when we are interested in computing the probability of
A. independent events B. the intersection of two events C. the union of two events D. conditional events
In an economic strike, workers refuse to work until:
A. The employer meets their demands for conditions of employment. B. The NLRB rules they must return to work. C. The contract expires. D. Their strike funds run out.