Firms that require funds from external sources can obtain them ________.
A) through financial institutions
B) from central bank directly
C) through the foreign exchange market
D) by issuing T-bills
A) through financial institutions
You might also like to view...
The price at which a share of capital stock may be purchased or sold on the open market is described as its par value
a. True b. False Indicate whether the statement is true or false
Lassen Corporation issued ten-year term bonds on January 1, 20x5, with a face value of $800,000. The face interest rate is 6 percent and interest is payable semi-annually on June 30 and December 31. The bonds were issued for $690,960 to yield an effective annual rate of 8 percent. The effective interest method of amortization is to be used. The entry to be recorded on December 31, 20x5, for the
payment of interest (rounded to the nearest dollar) and the amortization of discount is: A) Bond Interest Expense 3,638 Unamortized BondDiscount 3,638 B) Bond Interest Expense 27,784 Unamortized BondDiscount 3,784Cash 24,000 C) Bond Interest Expense 27,784 Cash 27,784 D) Bond Interest Expense 24,000 Unamortized BondDiscount 24,000
The Rubicon Program expanded its already successful programs by ______.
A. reorganizing its structure B. assessing its clients’ needs C. reducing the size of its paid staff D. reducing the size of its volunteer workforce
The definition of commercial reasonableness as used in contract law includes:
a. the business judgment of expert business managers. b. that the practices customary in the type of transaction involved be used as a standard. c. the requirements to develop creative and innovative solutions never before used in a particular industry. d. None of these.