If you have $1,000.00 on a credit card and the interest rate is 23.7% per year, how much interest will you pay for one year? (Multiply rather than compound your interest.) A. $2,370.00 B. $23.70 C. $237.00 D. $230.70

A $500,000 bond issue sold for $490,000. Therefore, the bonds: Sold at a discount because the stated interest rate was higher than the market rate. Sold for the $500,000 face amount less $10,000 of accrued interest.

How does the use of plastic to produce bicycle helmets affect other plastic-using industries? A. It decreases the prices offered by other industries. B. It increases the demand for products of other industries. C.

On December 31, 2006, Frye Co. has $2,000,000 of short-term notes payable due on February 14, 2007. On February 2, 2007, Frye issued a three-year notes to borrow $1,500,000 from County Bank and used $200,000 additional cash to liquidate $1,700,000

The gross rent multiplier is used as a guideline for estimating value based on ___.

North Bank is analyzing Belle Corp.'s financial statements for a possible extension of credit. Belle's quick ratio is significantly better than the industry average.

The revenue recognition principle dictates that revenue should be recognized in the accounting records: a. when cash is received b. in the period that income taxes are paid c. when it is earned. d. at the end of the month.

Which of the following involves trading partial ownership interests for capital? A) Equity financing B) Debt financing C) Partnership financing D) Corporate financing

Rockingham Motors issued a 30-year, 8 percent semiannual bond 3 years ago. The bond currently sells for 103.1 percent of its face value. The company's tax rate is 34 percent. What is the aftertax cost of debt?

Producer surplus is the area A. under the demand curve and above the price. B. between the supply and demand curves. C. below the price and above the supply curve. D. under the supply curve.

Arthur made a bid at an auction by calling out the amount of $250. The auctioneer acknowledged Arthur's bid. There were no higher bids, and before the fall of the auctioneer's hammer, Arthur announced that he was withdrawing the bid.