A corporate bond has a coupon rate of 9%, a face value of $1,000, a market price of $850, and the
bond matures in 15 years. Therefore, the bond's yield to maturity is
A) 24%. B) 11.1%. C) 9%. D) 13.45%.
B
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Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor
Oceanside uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 2 pound per unit; $12 per pound Direct labor: 2 hours per unit; $16 per hour Oceanside produced 3,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 6,500 pounds of direct materials and actual total materials costs were $99,600. What is the direct materials cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $9,960 Unfavorable B) $9,960 Favorable C) $21,580 Unfavorable D) $21,580 Favorable
Crane sold a house to O'Brien, unaware that there was asbestos in the walls. May O'Brien sue Crane for fraud or to rescind the contract of sale?
An entrepreneur is someone who:
a. is a professional manager b. has the entrepreneurial spirit and is employed inside a large corporation c. accepts the risks of starting and running a business d. manages a business that operates in more than one country e. owns controlling interest in the stock of a major corporation
Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units. Each unit that Narchie sells will:
A. increase profit by some other amount. B. increase profit by $30. C. increase profit by $50. D. decrease profit by $5. E. increase profit by $20.