What is the effect on a lawsuit if the person suing brings his or her case to a court that does not have the proper jurisdiction to hear the case?
If a court does not have proper jurisdiction, it (the court) has no legitimate right by which judges can exercise their authority. Thus, in this case, the lawsuit could not be heard. The attorneys would need to reschedule the suit for a hearing in the proper court (i.e., the court with the proper jurisdiction).
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Which of the following is not an advantage of a CD as a cash management alternative?
A) CDs have fixed interest rates, which are beneficial if interest rates drop. B) CDs offer a wide selection of maturities. C) CDs are insured. D) CDs offer liquidity. E) CDs are convenient to purchase.
____________________ transistors are a bridge between electrical and optical computer components
Fill in the blank(s) with correct word
If the government issues new bonds, then domestic credit would
A) decrease. B) increase. C) remain unaffected. D) become greater than the money stock.
Answer the following statements true (T) or false (F)
1. The market value (issue price) of a bond is equal to the present value of all future cash payments provided by the bond. 2. Premium on Bonds Payable is an adjunct liability account, as it increases the carrying value of the bond. 3. When the contract rate of a bond is greater than the market rate on the date of issuance, the bond sells at a discount. 4. The issue price of bonds is found by computing the future value of the bond's cash payments, discounted at the market rate of interest. 5. The effective interest method assigns a bond interest expense amount that increases over the life of a premium bond.