A full warranty means:
A. it has to cover the whole product and not cover only part of the product.
B. the warrantor will fix or replace any defective product free of charge.
C. the warrantor is required to fulfill the warranty terms if the problem was caused by damage to the product through unreasonable use.
D. it excludes and limits payments for consequential damages.
Answer: B
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In a two-period model, a household has an income of $20,000 in period one and an income of $25,000 in period two. The household faces an interest rate of 50 percent. What is the present value of the household's income if the income in period one increases to $30,000?
A. ?$39,000 B. ?$46,666.66 C. ?$40,555.65 D. ?$50,000
What distinguishes a business plan from other forms of business planning?
a. The business plan is for internal use only. b. The business plan is less detailed than the pitch deck. c. The business plan is more formal. d. The business plan does not include a financial forecast.
The expectations theory suggests that the shape of the yield curve reflects investors expectations about future interest rates
Indicate whether the statement is true or false
This year, Nilo Inc. granted incentive stock options (ISO) to 230 employees. For financial statement purposes, Nilo recorded a $179,200 expense for the estimated value of the ISOs. As a result of this transaction, Nilo has a:
A. Permanent unfavorable book/tax difference B. Temporary favorable book/tax difference C. Permanent favorable book/tax difference D. Temporary unfavorable book/tax difference