Meryl's daughter Nixie dies before Meryl, leaving Nixie's son Orman. On Meryl's death, it is learned that her will gives "to my daughter Nixie my farm near Pratt, Kansas.". Most likely, the gift of the farm
a. abates.
b. will not lapse.
c. lapses in full.
d. lapses in part.
B
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Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000 . If theissuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption?
a. $10,000 loss b. $25,000 loss c. $25,000 gain d. $15,000 gain
Credit card companies must now give a 45-day notice of any rate hike.
Answer the following statement true (T) or false (F)
________ pricing involves raising prices incrementally to the point where the best combination of volume and margin is achieved during the mature stage of the product life-cycle
A) Low-cost-leader B) Penetration C) Harvest D) Reduce-focus E) Skim
The results of a least squares regression to separate the monthly utilities cost into its fixed and variable components were as follows: Y = 5,472 + .036 X X = the number of units produced R2 = .735 Which of the following statements is not true of the cost model?
a. Y represents the total semi-variable cost. b. The total monthly fixed utilities costs are $5,472. c. Y is referred to as the independent variable. d. The equation would be represented as a straight line on a graph.