A zero coupon bond
A)
pays no annual interest.
B)
sells at face value.
C)
are a poor choice for retirement funds.
D)
depreciates in value as it matures.
A
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Givens Corp is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales $500,000 Purchases 225,000 Inventory (beginning) 16,000 Inventory (ending) 30,000 Operating Expenses 148,000 Income Tax Expense 10,000 Retained Earnings (beginning) 53,000 Dividends 15,000 Refer to the information for Givens Corp Calculate the gross profit
a. $241,000 b. $275,000 c. $289,000 d. $425,000
When proposed and existing stores have a very high trading-area overlap, _____
a. many additional customers will be attracted to the proposed store b. few additional customers will be attracted to the proposed store c. the proposed store will focus on geographic weaknesses in the existing store d. advertising will have to be assessed due to possible promotional waste
Activity-based budgeting classifies costs as variable or fixed with respect to the activity output measure
Indicate whether the statement is true or false
A state law that conflicts with the U.S. Constitution will be deemed unconstitutional
a. True b. False Indicate whether the statement is true or false