A _____ occurs when the subsidiary’s stock is sold for cash, assets, or in settlement of a debt.
a. spin-off
b. split-off
c. split-up
d. sell-off
ANSWER: D
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Consider a fixed-payment security that pays $100 at the end of every year for three years. If the annual rate of discount is 10 percent, the present value of the security is
A. $24.87. B. $248.69. C. $294.10. D. $1,000.00.
If the information in an individual borrower's credit report contains an error, he or she is entitled to:
A. request a correction. B. sue the credit bureau. C. erase the credit report. D. refuse to provide credit information. E. withdraw from the credit bureau.
Batch-level costs vary with the number of units produced.
Answer the following statement true (T) or false (F)
You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end-of-year payments. The interest rate on the loan is 11.5%
What is your total interest expense in the first year of the loan? A) $1,380.00 B) $1,089.13 C) $764.81 D) $403.20 E) $2,529.29