You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40 late fee. What is the late fee as a percentage of your balance?

One person's spending becomes another person's income. This statement is a. the basis for all economics. b. the Quantity Theory of Money. c. the Marginal Productivity Theory of Resource Allocation. d. the Circular Flow Model. e.

The store purchases used goods for resale from people that bring items to the store. since that can occur anytime that the store is open, all employees are authorized to purchase goods for resale by disbursing cash from the register.

Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the a. supply is more elastic than the demand. b. demand in more elastic than the supply. c. tax is placed on the sellers of the product. d.

A firm's profit margin is 5%, its debt ratio is 56%, and its dividend payout ratio is 40%. If the firm is operating at less than full capacity, then sales could increase to some extent without the need for external funds, but if it is operating at

What portion of discretionary spending is typically spent on defense? about half about two thirds about one fourth about one third

When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock.

If the market is in equilibrium, then an option must sell at a price that is exactly equal to the difference between the stock's current price and the option's strike price. a. True b. False

You are considering buying a share of stock in XYZ Corporation. At the end of years 1, 2, and 3 the stock will pay you a dividend of $15. In addition, at the end of the third year you expect to sell the share of stock for $100.

Who is responsible for reporting identity fraud? Choose one answer. a. The victim of fraud b. The police c. Any of the three credit reporting agencies d. The company that accepted a stolen credit card or false information

Your company just received dresses from a new dress designer from China to be sold at your business. These simple dresses can be wrapped on an individual in many ways to create a simple dress, as a top blouse only, or as an "After 5" dressier piece.