ERISA was designed to regulate how pension funds are invested
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: The purpose of this act is to help ensure the financial security of pension funds by regulating how they can be invested.
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The following data concerns Wang Corporation for 2016: Credit sales during the year $1,600,000 Accounts Receivable—December 31, 2016 235,000 Allowance for Doubtful Accounts—December 31, 2016 18,000 Bad debt expense for the year 11,000 What amount will Wang show on its year-end balance sheet for the net realizable value of its accounts receivable?
a. $253,000 b. $235,000 c. $224,000 d. $217,000
________ is one of the three distinct advantages of personal selling.
A. Consistent message B. Low cost per exposure C. Large variety of media D. Elimination of noise E. Immediate feedback
A system that works very well with JIT to save time and money by analyzing and projecting materials needs is ______________________________ planning.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements regarding a 20-year (240-month) $225,000, fixed-rate mortgage is CORRECT? (Ignore taxes and transactions costs.)
A. The outstanding balance declines at a slower rate in the later years of the loan's life. B. The remaining balance after three years will be $225,000 less one third of the interest paid during the first three years. C. Because it is a fixed-rate mortgage, the monthly loan payments (which include both interest and principal payments) are constant. D. Interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant. E. The proportion of the monthly payment that goes towards repayment of principal will be lower 10 years from now than it will be the first year.