Which of the following items would appear on a personal balance sheet?
A)
A loan made on a life insurance policy
B)
Interest paid on an installment loan
C)
Interest received on a savings account
D)
Premiums paid on a health insurance policy
A
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Match each term with the correct statement below.
a. medium of exchange b. store of value c. measure of relative value d. divisibility e. portability f. durability g. stability h. scarcity 1. “How much is this briefcase?” 2. “Do you have change for a $1?” 3. “I have $6000 in the bank.” 4. Faith that a dollar today will be worth a dollar a month from now 5. “I will pay you $25 for that book.” 6. The ability to carry money around easily
On January 1, Year 2, Chavez Company had beginning balances as follows: total assets of $12,500, total liabilities of $4,500, and common stock of $3,000. During Year 2, Chavez paid dividends to its stockholders of $2,000. Given that retained earnings amounted to $6,000 at the end of Year 2, what was Chavez's net income for Year 2?
A. $7,000 B. $5,000 C. $2,000 D. $3,000
A ________ consists of all the people who participate in or influence a purchase.
A. procurement department B. buying center C. bidding group D. set of gatekeepers E. sales analysis group
Who is credited with saying "Markets can stay irrational longer than you can stay solvent"?
A) G.C. Biddle B) Warren Buffett C) R.S. Kaplan D) John Maynard Keynes E) Jay Ritter