Which of the following is a three-party instrument?
A) Deed of trust B) Mortgage
C) Both a deed of trust and a mortgage D) Neither a deed of trust nor a mortgage
A
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When customers have some prior experience with the product and their risk is moderate, like the purchase of a new frying pan, they engage in
A. habitual decision making. B. contemplation. C. extended problem solving. D. limited problem solving. E. cross-shopping.
A patent is granted by the federal government giving the owner control of the manufacture or other use of an invention for 20 years
Indicate whether the statement is true or false
Sutton Products is a price-setter that uses the cost-plus pricing approach. The products are specialty vacuum tubes used in sound equipment. The CEO is certain that the company can produce and sell 310,000 units per year, due to the high demand for the product. Variable costs are $2.40 per unit. Total fixed costs are $970,000 per year. The CEO will receive stock options if $100,000 of operating income for the year is reported. What sales price would allow the CEO to achieve the target if the cost-plus pricing method is used? (Round your answer to the nearest cent.)
A) $2.40 per unit B) $5.85 per unit C) $3.45 per unit D) $5.21 per unit
Which of the following is correct about the payback method?
A) It considers only the cash flows that occur during the payback period. B) It considers an asset's profitability. C) It is normally the only method used when deciding whether to invest in an asset. D) It is difficult to calculate.