If the interest rate on bonds is lower than the current market rate, the bonds will sell at a premium
a. True
b. False
Indicate whether the statement is true or false
False
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According to the 2015 Index of Economic Freedom compiled by the Heritage Foundation, Hong Kong is ranked as having the highest degree of economic freedom
Indicate whether the statement is true or false
Which of the following is important when evaluating long-term investments?
A) Investments must earn a reasonable rate of return B) Employees are able to determine and propose capital equipment for their divisions or departments C) Proposals should match long term goals. D) All of the above.
Which of the following ratios would be most meaningful to a bank?
a. Loan turnover b. Cash to capital c. Inventory turnover d. Equity capital to total assets
Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year
Accounts Payable relates only to the acquisition of merchandise inventory. Sales were $796,000 and Cost of Goods Sold was $549,700. Compute the payment made to the suppliers. A) $577,700 B) $569,300 C) $597,300 D) $47,600