At the beginning of the year, William bought 20 shares of Zync Corporation at $18.50 per share. Zync pays dividend at the end of each year based on annual profits, which generally vary substantially from year to year. In its 25 years history, Zync has paid dividends every year without fail. The initial investment by William and the receipt of dividend at the end of every year are examples of a(n) _____ and a(n) _____, respectively.
A. uneven cash flow stream; annuity due
B. uneven cash flow stream; ordinary annuity
C. lump-sum payment; annuity due
D. lump-sum payment; uneven cash flow stream
E. lump-sum payment; ordinary annuity
Answer: D
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On May 17, Bruno Olive Co accepted a $6,500, 8%, 90-day note from a customer. On June 11, the note was discounted at 10%. At maturity date, the note was dishonored and the bank charged a $25 protest fee. The amount that Bruno Olive Co would debit to Notes Receivable Dishonored is
A) $6,655.00 B) $6,535.29 C) $6,525.00 D) $6,130.00
What promotional efforts would a marketer be likely to employ if the communication objective was to encourage purchase of the product?
What will be an ideal response?
Play-It-Loud, LLC, provides music-streaming services online subject to complex pricing schedules. To control specific offers for the services and thus the resulting contracts, important terms to provide online include A) a provision relating to the resolution of any dispute
B) a detailed history of the music business. C) positive reviews from users of the service. D) an updated list of the music available through the service.
In the event a negligent driver is liable for a judgment of $100,000, but has only $25,000 of coverage under applicable insurance he or she owns, the balance of $75,000 must be paid by the
a. the negligent driver. b. the state uninsured drivers fund. c. must be paid by the vehicle's registered owner if a commercial lender.. d. the drivers insurance company.