The amount for which a promissory note is written is called the
a. realizable value
b. maturity value
c. face value
d. proceeds
c
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Resources that can be purchased in the amount needed and at the time of use are
A) lumpy resources. B) flexible resources. C) committed resources. D) product resources. E) implicit resources.
Which of the following is most often true of mature markets?
A. The market supports premium pricing, which attracts additional competitors. B. The magnitude of pricing differences and product differentiation is larger than in the growth stage. C. Some competitors enjoy a significant operating advantage due to increasing experience effects. D. Advantages that cannot be duplicated by other competitors are difficult to achieve.
The income statement begins with revenue and subtracts various operating expenses until arriving at Earnings Before Interest and Taxes. Next, interest expense is subtracted to find the taxable income for the period. Then the appropriate taxes are calculated and subtracted. We finally arrive at the ________, the so-called bottom line of the income statement.
A) after-tax income B) before-tax income C) net income D) EBIT
To avoid suboptimization, many companies prefer to evaluate their investment centers using:
A. Sales instead of income. B. Return on investment instead of residual income. C. Gross margin instead of contribution margin. D. Residual income instead of return on investment.