Interest costs for short-term debt are generally lower than interest costs for long-term debt because

A) the term structure of interest rates generally reflects an upward sloping yield curve.
B) short-term debt is more flexible, allowing a match of short-term needs with short-term
financing.
C) investors demand higher returns on short-term debt due to liquidity concerns.
D) both A and B.


D

Business

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Which of the following refers to the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong?

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Aaliyah Turner opened Turner Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:1. Aaliyah invested $13,500 cash in the business in exchange for common stock. 2. Aaliyah contributed $20,000 of photography equipment to the business in exchange for common stock. 3. The company paid $2,100 cash for an insurance policy covering the next 24 months. 4. The company received $5,700 cash for services provided during January. 5. The company purchased $6,200 of office equipment on credit. 6. The company provided $2,750 of services to customers on account. 7. The company paid cash of $1,500 for monthly rent. 8. The company paid $3,100 on the office equipment purchased in transaction #5 above. 9.

Paid $275 cash for January utilities. Based on this information, the amount of total stockholders' equity reported on the Balance Sheet at the end of the month would be: A. $40,175. B. $31,400. C. $30,875. D. $39,200. E. $31,150.

Business

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Indicate whether the statement is true or false

Business