On the maturity date, _____.?
A. ?the maturity value of the debt is to be repaid
B. ?the first installment of the installment loan is due
C. ?the interest payment is due
D. ?the market interest rate rises above the coupon rate
E. ?the market price of the bond rises above the face value of the debt
Answer: A
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A correlation coefficient of -1.0 between two sets of numbers indicates
A. that when one set of numbers goes up, so does the other set. B. a positive correlation between the two sets. C. an indefinite relationship between the two sets. D. a complete lack of any correlation between the two sets. E. that when one set of numbers goes up, the other set goes down.
Which of the following is NOT a reason why inventory is a complex accounting and auditing area?
a. Diversity of items in inventory. b. Low volume of activity. c. Easily transportable. d. Difficulty in applying the lower of cost or market principle.
Actual physical contact is not necessary for a tort to be considered an assault.
Answer the following statement true (T) or false (F)
Which of the following manufacturing costs is an indirect cost of producing a product?
A) Oil lubricants used for factory machinery B) Commissions for sales personnel C) Hourly wages of an assembly worker D) Memory chips for a microcomputer manufacturer