Suppose you are told that over the past four years, sales have increased at rates of 10%, 8%, 6%, and 4%. What has been the average annual increase in sales over the past four years?
A) 7.0%
B) 6.7%
C) 6.4%
D) 6.5%
A
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On June 30, 2014, Island Inc had outstanding 1 . percent, $1,000,000 face amount, 15-year bonds maturing on June 30, 2019 . Interest is paid on June 30 and December 31 . and bond discount and bond issue costs are amortized on these dates. The unamortized balances on June 30, 2014, of bond discount and bond issue costs were $55,000 and $20,000, respectively. Island reacquired all of these bonds at
96 on June 30, 2014, and retired them. Ignoring income taxes, how much gain or loss should Island record on the bond retirement? a. Loss of $15,000 b. Loss of $35,000 c. Gain of $5,000 d. Gain of $40,000
Which of the following approaches to dealing with crisis situations involves developing a plan based on a problematic issue after it arises?
A) passive B) defensive C) subjective D) reactive E) preemptive
A private employment agency
A. Provides free services to its clients. B. Is used only for higher-level management positions. C. Is controlled by the United States Employment Service. D. Is more costly to use as a placement service than are public employment agencies.
SFX Paintball Games, Inc., and Truck & Trailer Delivery Corporation sign an agreement that provides for the payment of "$1,000 by whichever party commits a material breach of the contract that creates damages difficult to estimate but approximately $1,000." This is
A. a liquidated damages clause. B. a mitigation of damages clause. C. a nominal damages clause. D. a penalty clause.