The interest due at maturity on a $489.52, 8% note, dated May 28 and due August 2 is
a. $4.37.
b. $6.04.
c. $7.18.
d. $6.30.
c
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The Securities and Exchange Commission (SEC) is concerned with
a. Companies that issue securities to the general public. b. All companies in the US regardless of size. c. Accounting reports issued by government entities. d. All domestic and international companies that issue accounting reports.
The account Allowance to Adjust Short-Term Investments to Market appears as a contra account on the income statement
Indicate whether the statement is true or false
Off-price retailers feature
A. deep discounts, few customer services, and central checkouts. B. sales expertise, wide selections, and low prices. C. overstocks, designer brands, and moderate prices. D. a narrow product range and enormous product availability. E. cash-only sales and few customer services.
Before passage of the 1938 Food, Drug, and Cosmetic Act, drugs were:
a. all prescribed by physician only b. all prescribed by pharmacists and physicians c. regulated by the FDA only if they posed "serious risks" to human health d. either legal or illegal e. completely unregulated, you could buy anything