A collection agency threatened to sue Martha for the unpaid hospital bills from her heart operation. She signed a promissory note at a high but not illegal rate of interest. What result?
A) The note is valid because she signed it.
B) The threat to bring a civil suit to collect money owed is permissible.
C) The note is invalid because she signed under duress.
D) The note is invalid because the agency put her under undue pressure.
B
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Unilever and other consumer goods companies often engage in differentiated target marketing, offering a full range of brands within a given product category
Indicate whether the statement is true or false
A series of equal net cash flows at fixed time intervals is termed a(n) ________
a. hurdle rate b. annuity c. present value d. compounding
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the purchase of materials is:
A. Debit Work in Process Inventory $195,000; credit Raw Materials Inventory $195,000. B. Debit Raw Materials Inventory $198,000; credit Accounts Payable $198,000. C. Debit Raw Materials Inventory $198,000; credit Work in Process Inventory $198,000. D. Debit Raw Materials Inventory $198,000; credit Finished Goods Inventory $198,000. E. Debit Work in Process Inventory $198,000; credit Accounts Payable $198,000.
A buying situation in which a business customer signals its satisfaction by agreeing to purchase the same product at the same price is called a
A. repeat buy. B. straight rebuy. C. new buy. D. modified rebuy. E. quick buy.