Andre owns a corporate bond with a coupon rate of 8% that matures in 10 years. Ruth owns a
corporate bond with a coupon rate of 12% that matures in 25 years. If interest rates go down, then
A) the value of both bonds will increase.
B) the value of both bonds will remain the same because they were both purchased in an earlier
time period before the interest rate changed.
C) the value of Ruth's bond will decrease more than the value of Andre's bond due to the longer
time to maturity.
D) the value of Andre's bond will decrease and the value of Ruth's bond will increase.
A
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Ted Catering received $1040 cash in advance from a customer for catering services to be provided in three months. Determine the general journal entry that Ted Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
A.
| Accounts Receivable | 1040? | |
| Catering Revenue | 1040? |
B.
| Cash | 1040? | |
| Unearned Catering Revenue | 1040? |
C.
| Cash | 1040? | |
| Catering Revenue | 1040? |
D.
| Unearned Catering Revenue | 1040? | |
| Catering Revenue | 1040? |
E.
| Cash | 1040? | |
| Accounts Receivable | 1040? |
As a manager, James often fails at both meeting objectives and developing relationships with employees. He would fall into which of the five major leadership styles of the Leadership Grid?
a. impoverished management style b. authority-compliance management style c. country club management style d. team management style
Bad-news messages can be organized using the direct or indirect strategy. Identify one situation when each strategy would be appropriate and identify the organizational pattern for each strategy
What type of transactions are covered under the Magnuson-Moss Warranty Act?
A. consumer transactions B. commercial transactions C. industrial transactions D. governmental transactions