MasterCard sends a customer a memo that discloses the true cost of borrowing with each billing statement. It does this because it realizes that the customer has the right to
A. choose.
B. obtain credit.
C. be heard.
D. be informed.
E. safety.
Answer: D
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In the liquidity-preference model,
A. both the nominal interest rate and the price level in the economy are exogenous variables. B. both the nominal interest rate and the price level in the economy are endogenous variables. C. the nominal interest rate is an exogenous variable, while the price level in the economy is an endogenous variable. D. the nominal interest rate is an endogenous variable, while the price level in the economy is an exogenous variable.
Easton Company makes and sells scooters. Easton incurred the following costs in its most recent fiscal year:Cost Items Appearing on the Income StatementMaterials cost ($10 per unit)Depreciation on manufacturing equipmentCompany president's salarySalaries of administrative personnelLabor cost ($4 per unit)Research and development costsAdvertising costs (150,000 per year)Real estate taxes on factoryShipping and handling ($0.15 per unit)Inspection costsEaston can currently purchase the scooters it makes from another company. If the company purchases the scooters, Easton would still continue to use its own logo, sales staff, and advertising programs. Which of the following costs would be classified as a unit-level cost?
A. Company president's salary B. Materials cost C. Depreciation on manufacturing equipment D. Real estate taxes on factory
A corporation issued 8% bonds with a par value of $1,080,000, receiving a $36,000 premium. On the interest date 5 years later, after the bond interest was paid and after 40% of the premium had been amortized, the corporation called the bonds at $1,069,200. The gain or loss on this retirement is:
A. $0. B. $10,800 gain. C. $32,400 gain. D. $10,800 loss. E. $32,400 loss.
In preparing a first draft of a legal document, you should:
a. reread the directions. b. begin in a logical fashion. c. complete one section before moving on to another section. d. periodically go back and reread directions. e. All of the above