A certificate of deposit represents:
A. a promissory note of payment by a bank that borrows reserves from another bank.
B. a deposit in a checking account in a bank.
C. a promissory note of payment by the issuing institution to the investor.
D. a time deposit of a state government with the federal government.
E. a time deposit at a bank or other financial intermediary.
Answer: E
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On the date of record for a dividend, the company ________.
A) issues new shares of stock on that date B) disburses dividend payments to stockholders on that date C) records the dividend payable amount on that date D) determines who owns the shares of stock on that date
On June 1 . Continental Company issued 8,000 shares of its $10 par common stock to Divide for a tract of land. The stock had a fair market value of $18 per share on this date. On Divide's last property tax bill, the land was assessed at $96,000 . Continental should record an increase in Additional Paid-In Capital of
a. $96,000. b. $64,000. c. $40,000. d. $16,000.
Modular furniture in the mailroom provides it with greater flexibility
Indicate whether the statement is true or false.
A specific product has demand during lead time of 100 units, with a standard deviation during lead time of 25 units. What safety stock (approximately) provides a 95% service level?
A) 41 B) 55 C) 133 D) 140 E) 165