The amount of money the borrower agrees to repay at maturity of a bond is usually referred to as the ____________________
Fill in the blank(s) with correct word
face value
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A short-term investment in a U.S. Treasury bill costs $24,200 and will mature in six months at $25,000 . Management intends to hold the investment until it matures. The entry to record receipt of cash at maturity is: (No prior entries were made to recognize revenue.)
a. Cash 25,000 Short – Term Investments 24,200 Interest Income 800 b. Cash 25,000 Short – Term Investments 25,000 c. Cash 24,200 Short – Term Investments 24,200 d. Cash 25,000 Short – Term Investments 24,200 Gain on Sale of Investments 800
Scenario 8.2
Use the following to answer the questions. Precision Brake Company is a supplier of brake components to the manufacturers of lawn tractors and 4-wheel ATVs. It also sells its products to independent repair centers, dealers, and other wholesalers in Northeast and Southern states. Precision Brake has done research on the demand for lawn tractors and found that most manufacturers are in the states of Kentucky, Tennessee, and Alabama. Research also shows that most of the dealers who sell directly to individual consumers are in the Midwestern states, while dealers who sell to small business landscaping companies tend to be located in the Northeastern states. Company executives are considering expansion of its distribution to markets in the Midwest. Refer to . Given the type of business market in which Precision Brake is currently operating, which group would it be least likely to sell to? A. Producers B. Governments C. Retailers D. Consumers E. Institutions
A firm's "relevant market for finding opportunities" should
A. be bigger than the firm's present product-market-but not so big that the firm couldn't be an important competitor. B. usually be named in product-related terms. C. have no strong competitors. D. have no geographic boundaries. E. be no larger than the firm's present product-market.
Which of the following is not true about annual fees on credit cards?
A) The fees are the same on all credit cards. B) The fees may be high, amounting to several hundred dollars per year for some prestige cards. C) Many cards do not have annual fees. D) Some cards may waive the fees for individuals who pay their credit card bills in a timely manner.