A contingency clause may require the sale of the buyers ___.

a.

rental property

c.

assests

b.

current home

d.

none of the above

On January 1, Hillcrest Co. acquired a 40% interest in Preston, Inc. with the excess of purchase price over book value solely attributable to equipment with a ten-year life and undervaluation by $250,000.

Trade will take place: A. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. B.

What did the farmer do when his chicken wouldn't lay an eggs?

Municipal short-term notes are used for: (A) Interim financing (B) Permanent financing (C) Long-term financing (D) Project financing

List at least two tips for using credit wisely

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.