(i) Debit to Cash and a credit to Sales.
(ii) Debit to Cash, credit to Credit Card Expense, and a credit to Sales.
(iii) Debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales.
(iv) Debit to Sales, debit to Credit Card Expense, and a credit to Cash.
a) a portfolio with a high percentage of stocks
b) a portfolio with a high percentage of conservative mutual funds
c) a portfolio that is mostly cash
d) a portfolio with a high percentage of treasury bonds
a) Equifax
b) Federal Reserve
c) TransUnion
d) Experian
A. Grants & Scholarships – $ you Earn
B. Federal Student Loans – Free $
C. 529 Plan – $ you Save
D. Federal Work-Study Program – $ you Borrow
A) maximize earnings per share
B) maximize the value of the firm’s common stock
C) maximize return on investment
D) maximize market share
A) Arrangement of funds
B) All aspects of acquiring and utilizing financial resources for firm’s activities
C) Efficient management of every business
D) None of these.
a) Longer time periods usually have no effect on interest rates.
b) Longer time period usually equals higher interest rates.
c) Shorter time periods usually have no effect on interest rates.
d) Shorter time period usually equals higher interest rates.
A) a change in the value of commodities
B) a change in government regulations
C) a change in materials used to make money
D) a change in individuals’ spending habits
a) Labour
b) Entrepreneurship
c) Land
d) Capital
Trade credit may be used to finance a major part of a firm’s working capital when Options A) the firm extends more liberal credit terms than the supplier. B) neither the firm nor the supplier extends credit. C) the firm and the supplier both extend the same credit terms. D) the firm extends … Read more
A corporate bond backed only by a company’s promise to pay is called a ________. Options A) debenture bond B) secured bond C) convertible bond D) promissory bond E) municipal bond Answer Explanation Corporate Bond A bond is a long-term contract under which a borrower agrees to make payments of interest and principal on … Read more
Options
Correct Answer: A) a 30-year bond with a 10% coupon