Bonds Payable has a balance of $1,000,000 and Premium on Bonds Payable has a balance of $7,000. If the issuing corporation redeems the bonds at 101, what is the amount of gain or loss on redemption?
A) $3,000 loss B) $3,000 gain C) $7,000 loss D) $7,000 gain
Most insurance contracts require insured parties to maintain certain safety and security standards to protect themselves against the risk of fire and theft.
Under the Howey test,a security is an a)investment in a common enterprise with the b)reasonable expectation of profit gained c)primarily or substantially from others' efforts.
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Acacia Inc., a pharmaceutical company, has developed a miracle drug that can cure breast cancer. This invention by Acacia Inc. is an example of _____.
A) intellectual property B) an embargo C) arbitrage D) a sustainable product
Charlie's utility function is U(xA, xB) xAxB.If Charlie's income is $40, the price of apples is $4, and the price of bananas is $2, how many apples are there in the best bundle that Charlie can afford?