Banks like electronic funds transfers because they eliminate the float time that a drawer enjoys on a checking account and the paperwork involved in processing checks
Indicate whether the statement is true or false
True
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Suppose a banking market consists of banks that have the following shares of the market: 34 percent, 28 percent, 16 percent, 10 percent, 8 percent, and 4 percent. Calculate the HHI.
What will be an ideal response?
Which of the following is an example of a source objection that a salesperson for a small publishing company might hear from a bookstore owner?
A. "I only deal with large, well-established publishing companies." B. "Your books are priced too high." C. "I don't take risks with books by new authors." D. "I'm too busy to talk to you now." E. "I am satisfied with the amount of stock I currently have."
On January 1, a company issues bonds dated January 1 with a par value of $350,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 6% and the bonds are sold for $364,930. The journal entry to record the issuance of the bond is:
A. Debit Cash $364,930; credit Bonds Payable $364,930. B. Debit Cash $364,930; credit Discount on Bonds Payable $14,930; credit Bonds Payable $350,000. C. Debit Cash $350,000; debit Premium on Bonds Payable $14,930; credit Bonds Payable $364,930. D. Debit Cash $364,930; credit Premium on Bonds Payable $14,930; credit Bonds Payable $350,000. E. Debit Bonds Payable $350,000; debit Bond Interest Expense $14,930; credit Cash $364,930.
According to West (2008) a management decision making committee is known as what type of team?
a. Advice and Involvement Team b. Action and Negotiation Team c. Project and Development Team d. Production and Service Team