Success of the forfaiting technique springs from the belief that the aval can be depend on
Indicate whether the statement is true or false.
Answer: TRUE
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Sweet Company's outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par value and 10,000 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paidyear 1$2,000year 2$6,000year 3$32,000The total amount of dividends paid to preferred and common shareholders over the three-year period is:
A. $11,000 preferred; $29,000 common. B. $15,000 preferred; $25,000 common. C. $10,000 preferred; $30,000 common. D. $12,000 preferred; $28,000 common. E. $5,000 preferred; $35,000 common.
Mercedes-Benz offers a lifetime roadside assistance warranty on all of its vehicles, which shows that Mercedes is committed to customer service. This is an example of the ability of a warranty to ________.
A. convey a message to customers B. build brand awareness C. provide a service to customers D. build brand identity E. provide a cost to customers
Which of the following is not true about annual fees on credit cards?
A) The fees are the same on all credit cards. B) The fees may be high, amounting to several hundred dollars per year for some prestige cards. C) Many cards do not have annual fees. D) Some cards may waive the fees for individuals who pay their credit card bills in a timely manner.
A lottery is conducted using three urns. Each urn contains chips numbered from 0 to 9 . One chip is selected at random from each urn. The total number of sample points in the sample space is
a. 30 b. 100 c. 729 d. 1,000