Saturn, Inc. signed a one-year $24,000 note payable at 8% interest on May 1, 2017. How much interest expense must be accrued on May 31, 2017?
A) $1,920
B) $12,800
C) $160
D) $80
C .
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Although the modified internal rate of return (MIRR) method has wide appeal to academics, most business executives prefer to use the net present value (NPV) method to evaluate capital budgeting projects.
Answer the following statement true (T) or false (F)
Liability policies, such as personal liability, professional malpractice, or business liability insurance, do NOTÂ protect the insured against
A. a personal injury on the insured's property, such as the mail carrier who slips and falls on the owner's sidewalk. B. intentional harm caused by the insured. C. claims for property damaged by the insured. D. someone injured by the insured away from home or business.
If a corporation repurchases 500 shares of its previously-issued common stock for $5,000 and then reissues it for $4,000, which of the following statements is true regarding the difference in the amounts of the repurchase and reissuance?
A. It is reported as a loss on the sale of treasury stock. B. It is reported as a gain on the sale of treasury stock. C. It is a decrease in stockholders' equity. D. It is an increase in stockholders' equity.
Account management systems lead to competitive advantage in the following way(s):
a. economies in the utilization of sales force b. offering lower interest rates c. allowing a company to differentiate itself by offering a single contact for customers d. both a and c