A price ceiling is binding when it is set

a. above the equilibrium price, causing a shortage.

b. below the equilibrium price, causing a surplus.

c. above the equilibrium price, causing a surplus.

On December 31, 2014, Thomas, Inc. borrowed $850, 000 on an eight percent, 15-year mortgage note payable. The note is to be repaid in equal semiannual installments of $49, 156 (payable on June 30 and December 31).

The legal authority of a salesperson normally is: A. the same as that of a buyer B. to make legally-binding contracts for $500 or less C. to make legally binding contracts for sales over $5,000 D.

Max is the clerk for the Superior Construction Company. He makes out the payroll; prepares all of the payroll checks and reconciles the bank statements for the firm.

A company that packages and distributes fruit for on-the-go lunches has established a differentiation. they are packaged in such a way that refrigeration is unnecessary and the fruit will not wilt or discolor.

As an upper-level manager for IBM, Danny is one of many people responsible for allocating organizational resources in order to achieve the key goals of the company.

A 30-year 6% callable corporate bond with a face value of $10,000 was issued in June of 2000. It is now June of 2015, the call protection has expired, and the bond can be immediately called at a call price of 102% of par.

Demand-pull inflation occurs when the price of goods rises suddenly and extremely fast. consumers show an interest in purchasing more goods. producers need more money to make and distribute goods.

Consider a $1,000 par value bond with a 9% annual coupon. The bond pays interest annually. There are 20 years remaining until maturity. You have expectations that in 5 years the YTM on a 15-year bond with similar risk will be 7.5%.

Mallory hires Raghav to work for one year as an assistant manager at $5,500 per month, reserving the right to cancel the contract at any time. After two months, Mallory fires Raghav because the company's order volume drops.

Which of the following terms best describes the cumulative value of net income or loss not taken out of the business? (A) Short-term capital. (B) Contributed capital. (C) Working capital. (D) earned capital.