Which of the following would be considered an interim loan?
a. Automobile loan
b. Residential mortgage loan
c. Construction loan
d. Home equity loan
e. Student loan
c
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Dallas Corp reported the following information for 2016 and 2017. Interest receivable, December 31, 2016 $1,100 Interest receivable, December 31, 2017 1,400 Interest income—2017 3,200 How much cash was received for interest during 2017?
a. $2,900 b. $3,200 c. $3,500 d. $3,800
Which of the following acts is within the ordinary course of the partnership business?
a. Execution of contracts of guaranty or suretyship in the firm name b. Payment of an individual partner's debts out of partnership assets c. Sale of partnership property not held for sale in the usual course of business d. Assignment of partnership property for the benefit of its creditors
Your firm has $2,000,000 available for investment in capital projects. Which combination of projects is the best, given this budget constraint?
Project Initial Investment NPV A $750,000 $100,000 B $1,500,000 $125,000 C $500,000 $75,000 D $500,000 $35,000 A) B, C B) A, B, C C) A, B, C, D D) A, C, D
In a(n) ________ swap, one party pays a fixed rate calculated at the time of the trade as a spread to a particular Treasury bond, and the other sides pays a floating rate
A) currency B) interest rate C) coupon D) basis