Conways Roofing Services is offered a $1 million line of credit for three months at an APR of 8%. The bank requires that the firm keep an amount equal to 12% of the loan principal in a non-interest-earning
account with the bank as long as the loan remains outstanding. What is the actual three-month interest rate paid, expressed as an EAR?
A) 9.41%
B) 24.40%
C) 60.30%
D) 80.40%
Answer: A
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Chris believes that he was not promoted to professor at State University because of the university's desire to promote minorities and women to achieve greater diversity at higher ranks. Chris thinks he is experiencing
A. reverse discrimination. B. ethnocentrism. C. an ethical dilemma. D. diversity. E. stereotyping.
As high-tech products mature, the marketing strategies employed are very different from those for other products in the mature or decline stage of the life cycle
Indicate whether the statement is true or false
Which of the following is not subject matter that would be attested to in a non-audit attestation engagement?
a. Historical events such as the price of a market basket of goods on a certain date. b. Corporate governance, compliance with law and regulations, or human resource practices. c. Management's assertions about historical financial information and associated disclosures. d. Prospective financial information, performance measurements, or backlog data.
YouEye is developing eye tracking technology that works with an individual's webcam. Instead of needing to spend thousands of dollars on eye tracking equipment and having customers come into labs, firms will be able to utilize everyday webcams to track not only what a person attends to on a computer screen but also his or her emotional reactions to these products. Firms such as YouEye are automating the
A. beta testing process. B. premarket testing process. C. alpha testing process. D. evaluation process. E. concept testing process.