The ________ is the conceptual principal amount that controls the cash flows of an interest ate swap

A) synthetic principal
B) notional principal
C) nominal principal
D) discounted principal


Answer: B

Business

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If product X cost $50 and had a 4 percent failure rate, the entry to record the estimated product warranty expense in a month when 1,000 units are sold would be

a. Product Warranty Expense 2,000 Estimated Product Warranty Liability 2,000 b. Product Warranty Expense 200 Estimated Product Warranty Liability 200 c. Product Warranty Expense 20 Cash 20 d. Estimated Product Warranty Liability 50 Cash 50

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Most consumer sales promotions temporarily change the price/value relationship

Indicate whether the statement is true or false

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An important feature of brainstorming is critical discussion of alternative solutions as they surface

Indicate whether the statement is true or false.

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