Proceeds of $48,750 were received from discounting a $50,000, 90-day note at a bank. The discount rate used by the bank in computing the proceeds was
A) 6.25%
B) 10.00%
C) 10.26%
D) 9.75%
B
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The supply of francs is derived from the desire of the Swiss to purchase German goods, make investments in Germany, repay debts to German lenders, and extend transfer payments to German residents.
a. True b. False
Which of the following sequences best describes how a manager can foster innovation in an organization?
A. Recognize problems, gain allies, overcome resistance, execute well B. Recognize problems, overcome resistance, gain allies, stabilize system C. Overcome resistance, empower employees, execute well, provide incentives D. Recognize problems, empower employees, devise solutions, execute well E. Devise solutions, reorganize, change culture, stabilize system
In general, if an offeree uses a means of acceptance that is slower than that used by the offeror to communicate that offer:
A. it is an authorized means of communication. B. the acceptance is effective when dispatched. C. it is an unauthorized means of communication. D. the acceptance is not effective even upon receipt.
Answer the following statements true (T) or false (F)
Positive accounting research attempts to describe “what is” and determine how things should be.