A bond's issue price is the amount of money that a lender pays (and the company receives) when a bond is:
A. in default.
B. sold from one investor to another investor.
C. issued.
D. repaid.
Answer: C
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Patricia is the owner of a floral shop. A successful global candle company approached her about selling its products in her shop. Patricia knows this product and company can help her exceed her existing goals. Selling candles is a(n) _____ for Patricia.
A. problem B. opportunity C. synergy D. ethical dilemma E. diagnosis
Ed, a businessperson, is a friend of Fran, the owner of a Good Bean Coffee & Bagels store. Every day, Ed spends five minutes in Fran’s store, looking at the goods and usually buying one or two cinnamon buns or bagels. One afternoon, Ed goes into the store, looks at the items, and picks up a $1 chocolate brownie. Ed waves the brownie at Fran without saying a word and walks out. Is there a contract? If so, how would it be classified in terms of formation, performance, and enforceability?
Which of the following affords you access to a "sweep account"?
A) Asset management account B) NOW account C) MMDA account D) MMF
Merriweather Corporation is a manufacturer of tables sold to schools, restaurants, hotels, and other institutions. The table tops are manufactured by Merriweather, but the table legs are purchased from an outside supplier. The Assembly Department takes a manufactured table top and attaches the four purchased table legs. It takes 20 minutes of labor to assemble a table. The company follows a policy of producing enough tables to ensure that 40% of next month's sales are in the finished goods inventory. Merriweather also purchases sufficient raw materials (legs) to ensure that raw materials (legs) inventory is 60% of the following month's scheduled production needs. Merriweather's sales budget in units for the next quarter is as follows: (CMA
adapted)July2,300August2,500September2,100Merriweather's ending inventories in units for June 30 are:Finished goods1,900Raw materials (legs)4,000The number of tables to be produced during August is: A. 1,900 tables. B. 1,440 tables. C. 2,340 tables. D. 1,400 tables.