Business

A fixed-income security pays Group of answer choices a variable level of income for owners on a fixed income. a fixed level of income for the life of the owner. a fixed or variable income stream at the option of the owner. a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security.
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Ruth keeps account of her family's expenses. She keeps track of the entire family's needs and discusses with other family members about what products need to be bought. She realizes that the family requires a bigger refrigerator and discusses this with her parents. She collects information about refrigerators from various brands so that her parents can make an informed decision. In the given scenario, Ruth plays the role of the ________ in the household purchase process.a. innovatorb. influencerc. gatekeeperd. purchaser
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Tina and James have made an offer on a four-bedroom home that will be much more costly than their present mortgage. The day after making the offer, James learns his company is being sold and he will probably lose his job. Are Tina and James contractually obligated to the offer they have made on the new home?A. Yes, an offer is put onto a purchase contract form and is legally binding.B. No, an offer is just an offer until it is accepted by the seller. Once the owner has accepted the offer, the offeror is legally bound to the contract.C. It depends. If Tina and James have not received notification of the seller's accepting the offer, they may legally withdraw the offer and not be held liable on the contract. However, if the offer has been accepted, and communication of this offer has been received by the buyer, it is legally binding.D. None of the Above
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Geralds manufacturing firm sold goods worth $6,000 to some customers on credit in the month of January. His customers plan to pay him the entire amount at once in March. Gerald plans to record and recognize this income in the businesss accounts in March. Which accounting method does Geralds business follow?His business follows the _______method of accounting.
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Suppose market share for an industry is divided among eight companies in the following manner: Firm Market Share (Percent) A 26 B 20 C 15 D 11E 9 F 8 G 6 H 5a. The Herfindahl index for this industry is. __________b. The four-firm concentration ratio for this industry is ________ (Note: Enter the ratio as a percentage.)
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In order to generate quick revenue, Helium Corp., an electronics manufacturing firm makes a technical improvement to one of its competitor's ERP offerings. This is an example of _____. 1. leveraged creativity 2. state-of-the-art breakthrough 3. applications engineering 4. product adaptation
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John and Sally Claussen are considering the purchase of a hardware store from John Duggan. The Claussens anticipate that the store will generate cash flows of $70,000 per year for 20 years. At the end of 20 years, they intend to sell the store for an estimated $400,000. The Claussens will finance the investment with a variable rate mortgage. Interest rates will increase twice during the 20-year life of the mortgage. Accordingly, the Claussens desired rate of return on this investment varies as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)Years 1-5: 7%Years 6-10: 10%Years 11-20: 12%Required: What is the maximum amount the Claussens should pay John Duggan for the hardware store?
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Building Big Box is a home improvement store based in Kansas and has been responsible for introducing some of the most innovative new products for the home improvement marketing in the Mid-West region. The Johnson family founded the company fifty years ago, but they now realize they needed to convert the business into a corporation and establish functional areas within the company to handle various aspects of operations. The company is now considering expanding operations by building another facility in Canada. The Board of Directors has approved this move. Which functional area will be responsible for securing the necessary funding for the expansion? a. Marketing b. Accounting c. Finance
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Which kind of norm is so deeply ingrained that the very thought of breaking it brings feelings of disgust or horror?
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On July 1, 2016, Sheffield Corp. issued 9% bonds in the face amount of $11100000, which mature on July 1, 2022, The bonds were issued for $9720000 to yield 10%, resulting in a bond discount of $1380000. Sheffield uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30 2018, Sheffleld's unamortized bond dlscount should be a. $1436700 b. $1466300 c. $1454300 d. $1424300
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Which of the following is not one of the different classes of stocks A. Growth stock B. Preferred Stock C. Common stock CSR
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For the current year, Bubbles Office Supply had earned $600 of interest on investments. As of December 31, none of this interest had been received or recorded. Demonstrate the required half of the adjusting entry by choosing the correct statement below.
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All else equal, when investors consider a firm's return on equity (ROE) they consider less risky a firm that earns proportionately more of that return from operating activities as opposed to nonoperating activities. Select one: True False
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The seller of a dry cleaning business has agreed not to open another dry cleaning business for two years within a one-mile radius of the sold business. Such an agreement: A. is void as against public policy. B. is void as usurious. C. is void as unconscionable. D. is valid and enforceable.
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Which of the following is a disadvantage of a mandatory arbitration clause in an employment contract? Multiple Choice The Equal Employment Opportunity Commission is prohibited from bringing its own enforcement action against an employer. The Equal Employment Opportunity Commission is prevented from pursuing victim-specific relief for an employee. Employers suffer from having more number of discrimination cases in court. The employees have the disadvantage of essentially having the courts closed to them for cases under Title VII of the Civil Rights Act of 1964.
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Eric Christie and Johnnie Pitt organize a partnership. Their partnership agreement states that Christie will receive two-thirds of the partnership income or loss and Pitt will receive the remaining one-third. On January 2, the two partners agree to accept Peter Morgan as a partner with a 10% interest if Morgan invests $50,000 cash. At the time of Morgan's admission, the partnership`s accounting records show that Christie has recorded equity of $210,000 and Pitt has recorded equity of $60,000. The bonus that will be allocated to Christie as a result of this transaction (rounded to the nearest dollar) is:_______
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Which of the following is a disadvantage of franchising for a franchisee? The Dunning-Kruger effect The endowment effect The false-consensus effect The negative halo effect
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Imagine you are the owner of a natural gas company. You can either extract as much of the resource as fast as possible or delay extraction until a future time. Projections indicate that the price of natural gas is expected to fall in the future. What would you do in the present?
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According to your text, credit unions differ from commercial banks and savings institutions because they a. are larger than commercial banks and savings institutions. b. restrict their business to credit union members. c. are profit-oriented.
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How can enterprenuership serve as plan B if you don't get a job or acceptance to a Hei
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When an organization has a strong talent pool available from which it can draw employees, the organization is positively influenced by the ______ in the external environment on the organization.
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An entity had cash receipts from sales of US $175,000 during Year 2. At the end of Year 1, the company had US $40,000 of deferred revenue, all of which was earned in Year 2. The companys sales revenue for Year 2 would be:__________
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Changes in tariffs and quotas are A) a means of slowing outsourcing. B) corporate strategies designed to maximize profits. C) business actions stimulating imports. D) efforts to stimulate choices among government agencies. E) government actions that reduce competition from international firms.
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Assume the total cost of a college education will be $200,000 when your child enters college in 16 years. You presently have $73,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your childs college education?
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