A financial contract that will provide annual payments over either a specified time period or a person's lifetime is a(n) ________
Fill in the blank(s) with the appropriate word(s).
Answer: annuity
You might also like to view...
Wheat producers in the United States claim that the Canadian Wheat Board is selling wheat imported into the United States at unreasonably low prices, and they fear depression of their own prices. The U.S. producers are accusing the Canadians of
A. creating an embargo. B. unfair foreign advantage. C. export crashing. D. loss transactions. E. dumping.
Determine whether each of the following is an internal control strength or weakness1. Receiving department manager places an order with the vendor for merchandise inventory.2. A voucher is used to certify a transaction and authorize recording of the liability.3. Goods are received by the receiving department and documented with a receiving report.4. Accounting department pays the vendor's invoice before goods are received.5. Invoices are paid after completion of the invoice approval documenting the purchase requisition, purchase order, receiving report, invoice, and approval for payment.
What will be an ideal response?
A company that utilizes a differentiation strategy is competing on the basis of providing something unique to its customers.
Answer the following statement true (T) or false (F)
If a preferred stock issue has a conversion feature, the stock can be converted into _____.
A. common stock B. corporate bonds C. bonds with voting rights D. cumulative stock E. founders stock