An important financial institution that assists in the initial sale of securities in the primary market is the
A) investment bank.
B) commercial bank.
C) stock exchange.
D) brokerage house.
A
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The more management levels through which a message passes
A. the more important the message is. B. the higher the chance the message will become external. C. the more informal the organization. D. the more distorted the message may become. E. the more disorganized the organization.
An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 debit balance, the adjustment to record bad debts for the period will require a
A) debit to Bad Debt Expense for $5,200. B) debit to Bad Debts Expense for $4,000. C) debit to Bad Debts Expense for $2,800. D) credit to Allowance for Doubtful Accounts for $5,000.
The ability of later market entrants to achieve long-term competitive advantages by not being the first to offer a certain product in a marketplace is calledÂ
A. first-mover advantage. B. early-mover advantage. C. first-mover disadvantage. D. strategic window. E. late-mover advantage.
Charlie wants to retire in 15 years, and he wants to have an annuity of $50,000 a year for 20 years
after retirement. Charlie wants to receive the first annuity payment the day he retires. Using an interest rate of 8%, how much must Charlie invest today in order to have his retirement annuity (rounded to nearest $10)? A) $167,130 B) $256,890 C) $315,240 D) $200,450