A Forward Rate Agreement contains an agreed interest rate of 3.1% on a 6-month loan. If settled at the time of borrowing, what amount would the borrower pay or receive on a $500,000 loan if the prevailing 6-month interest rate is 2.9%?
A)
$1,000 payment
B)
$1,000 receipt
C)
$972 payment
D)
$972 receipt
Answer:
C
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A factory worker earns $500 per week and will receive a $2,00 . bonus at year-end, a 2-week paid vacation, and 5 paid holidays. The combined amount of the accruals for bonus, vacation, and holiday pay in the weekly payroll would be:
a. $20.00. b. $70.00. c. $40.00. d. None of the above.
In the context of the product characteristics that can be used to predict and explain the rate of acceptance and diffusion, _____ represents the degree of difficulty involved in understanding and using a new product
a. complexity b. compatibility c. observability d. trialability
A company rents a building with a total of 50,000 square feet, which are evenly divided between two floors. The company allocates the rent for space on the first floor at twice the rate of space on the second floor. The total monthly rent for the building is $30,000. How much of the monthly rental expense should be allocated to a department that occupies 10,000 square feet on the second floor?
A. $2,000. B. $8,000. C. $3,000. D. $4,000. E. $5,000.
Clint contests the amount of a bill he received from Car Care Specialists. Under the Restatement, settlement of the claim:
a. is not valid consideration. b. is not a legal detriment to Clint if his contentions were not made in good faith. c. is valid consideration if at the time of the settlement the claim was doubtful because of uncertainty as to the facts. d. does not involve a disputed debt unless Clint contests both the existence of the obligation and the amount of the bill.