Bond ratings use a classification system to give investors an idea of the amount of default rate risk associated with the bond issue.
Answer the following statement true (T) or false (F)
True
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A major difference between the spot market and the forward market is that the spot market deals with
a. the immediate delivery of currencies. b. the merchandise trade account. c. currencies traded for future delivery. d. hedging of international currency risks.
Mohr Company purchases a machine at the beginning of the year at a cost of $33,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $6000 salvage value. Depreciation expense in year 2 is:
A. $6600. B. $27,000. C. $13,200. D. $0. E. $5400.
On April 1, Otisco, Inc. paid Garcia Publishing Company $1,548 for 36-month subscriptions to several different magazines. Otisco debited the prepayment to a Prepaid Subscriptions account, and the subscriptions started immediately. What amount should appear in the Prepaid Subscription account for Otisco, Inc. after adjustments on December 31 of the second year assuming the company is using a calendar-year reporting period and the previous year adjustment had been made?
A. $516. B. $1,548. C. $387. D. $0. E. $645.
The key transportation performance metrics to a company are ______.
A. the manufacturing cost per product B. the elapsed transit time from the initial pickup point to the final delivery point C. the time taken by the consumer to pick up goods from the retail outlet D. the frequency of government inspection of transportation network