Describe the difference between miles and points on British Airways
What will be an ideal response?
Miles refer to distance flown and are redeemed for air travel rewards. Points earned, upgrade members to higher silver or gold tiers.
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The concept of utmost care is applied on a case-by-case basis
Indicate whether the statement is true or false
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed expenses were $37,000. The contribution margin ratio for Product Q was 30%, its sales were $200,000, and its segment margin was $21,000. If the contribution margin for Product P was $80,000, the segment margin for Product P was:
A. $62,000 B. $37,000 C. $41,000 D. $59,000
Which of these are liquidity ratios?
A. Fixed asset turnover B. Receivables turnover C. Times interest earned D. Net profit margin
If you are concerned that market interest rates may risk in the near and intermediate term, your bond investment strategy should be to
A) buy only junk bonds. B) buy bonds with shorter term maturities to minimize interest rate risk. C) buy bonds with long maturities to limit interest rate risk. D) exit bond investments and buy equities.