The longer the term of the purchase agreement, the less likely firm-fixed price contracts will be acceptable to the supplier

a. True
b. False
Indicate whether the statement is true or false


True

Business

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John Smith is in the 28% tax bracket. If he were to purchase a $1,000 municipal bond that has a stated interest rate of 6.9%, the fully taxable equivalent yield would be:

A. 6.900%. B. 8.261%. C. 9.583%. D. 12.105%. E. 14.625%.

Business

Which intangible asset is recorded only as part of the acquisition of another? company?

a. Patent b. Goodwill c. Copyright d. Franchise

Business

__________ accounting focuses on the development and communication of financial information for external users

a. management. b. forensic c. audit d. financial

Business

Modular design of office furniture frequently results in self-contained workstations

Indicate whether the statement is true or false.

Business