Which of the following bonds pays interest based on an inflation index?
A. Floating-rate bonds
B. Income bonds
C. Treasury bills
D. Purchasing power bonds
E. Zero coupon bonds
Answer: D
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On April 1, 2016, Bennett Corporation purchased a new machine on a deferred payment basis. A down payment of $5,000 was made and 10 monthly installments of $14,000 each are to be made beginning on May 1, 2016. The cash equivalent price of the machine was $130,000. Bennett incurred and paid installation costs amounting to $6,000. The amount to be capitalized as the cost of the machine is
A) $130,000 B) $136,000 C) $145,000 D) $151,000
The business decisions made by the human resources department include potential customer data, sales report data, commission data, and customer support data.
Answer the following statement true (T) or false (F)
Matthews Company has a policy of maintaining an inventory of finished goods equal to 30 percent of the following month's sales. For the forthcoming month of March, Matthews has budgeted the beginning inventory at 30,000 units and the ending inventory at 33,000 units. This suggests that
a. February sales are budgeted at 10,000 units less than March sales. b. March sales are budgeted at 10,000 units less than April sales. c. February sales are budgeted at 3,000 units less than March sales. d. March sales are budgeted at 3,000 units less than April sales.
The upper control limit in a control chart represents ________
A) the percentage of sales earmarked as marketing budget B) the volume of sales as a percentage of the marketing budget C) the maximum spending limit D) the maximum permissible project extension