Which of the following guidelines for writing a message extending credit is FALSE?
a. The writer should include the credit terms in the message.
b. The writer should include the payment date and penalty fee for late payment.
c. The writer should omit any mention of sales promotion or resale.
d. None of the above is false.
C
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Eliza Company discovered the following errors in 2016: · Ending inventory at December 31, 2015, was understated by $2,000. · Accrued expenses of $3,000 were not recorded at December 31, 2015. ? ? Eliza reported net income of $45,000 for the year 2015. What is the amount of the corrected net income (ignoring income taxes) for 2015?
A) $45,000 B) $40,000 C) $46,000 D) $44,000
Foreclosure is the legal process by which a lender repossesses and auctions off property that has secured a loan.?
Indicate whether the statement is true or false
Interest-only mortgages are void in many states
Indicate whether the statement is true or false
Which of the following is equivalent to a long position in a European call option?
A. A short position in a cash-or-nothing put option plus a long position in an asset-or-nothing put option B. A long position in an asset-or-nothing put option plus a long position in a cash-or-nothing put option C. A long position in an asset-or-nothing call option plus a long position in a cash-or-nothing call option D. A long position in an asset-or-nothing call option plus a short position in a cash-or-nothing call option