Which of the following are undesirable from a consumer perspective but are frequently needed?
a. value-neutral activities.
b. value-added activities.
c. non-value-added-activities.
d. none of the above.
c
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Churchill Company planned to raise $100,000 by issuing bonds. The bond certificates were printed bearing an interest rate of 8%, which was equal to the market rate of interest. However, before the bonds could be issued, economic conditions forced the market rate up to 9%. If the life of the bonds is 6 years and interest is paid annually on December 31, how much will Churchill receive from the
sale of the bonds? a. Exactly $100,000 because Churchill Company would still pay interest at the face rate of 8%. b. Less than $100,000 because the market rate of interest at 9% was more than the face rate. c. Greater than $100,000 because the face rate of interest at 8% was less than the market rate. d. The bonds would not be sold at all; Churchill Company would have the certificates reprinted bearing the market rate of 9%.
The offshore assembly provision in the U.S.
a. provides favorable treatment to U.S. trading partners. b. discriminates against primary product importers. c. provides favorable treatment to products assembled abroad from U.S. manufactured components. d. hurts the U.S. consumer.
Given the options below, identify the correct accounting equation formula.
A. Liabilities = Assets + Owner's Equity. B. Assets + Liabilities = Owner's Equity. C. Assets + Owner's Equity = Liabilities. D. Assets = Liabilities + Owner's Equity.
An acceleration clause permits the maker to pay the amount due prior to the due date of an instrument
Indicate whether the statement is true or false