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saul85 [17]
3 years ago
12

True or False: According to economic theory, because coupons are free, people who do not clip coupons are behaving irrationally.

Business
1 answer:
Tju [1.3M]3 years ago
5 0

Answer: false

Explanation:

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Selling with criminal negligence alcoholic beverage to a minor is a
Verdich [7]
That crime would be considered a Class A misdemeanor.  
7 0
3 years ago
Read 2 more answers
Florida state saving bond can be converted to $1000 at maturity date of five year from purchase if the state bond are to be comp
melisa1 [442]

Answer:

The price will the state bonds sell would be $951.46

Explanation:

In order to calculate the price will the state bonds sell we would have to make the following calculation:

price will the state bonds sell=price to be converted/(1+interest rate)∧n

According to given data we have the following:

price to be converted=can be converted to $1,000 at maturity date of five year from purchase

interest rate=1%

n=5

Therefore, price will the state bonds sell=$1,000/(1+1%)^5

price will the state bonds sell=$951.46

The price will the state bonds sell would be $951.46

3 0
3 years ago
Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank disco
eduard

Answer: $180

Explanation:

From the question, Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%.

Therefore, the debit to Discount on Notes Payable in the general journal will be:

= $9,000 × 8% × 90/360

= $9,000 × 8/100 × 1/4

= $9,000 × 0.08 × 0.25

= $180

The correct answer is $180

It should be noted that we used 360 days for a year.

7 0
3 years ago
On December 31, the Income Summary account of Madison Company has a debit balance of $111,000 after revenue of $117,000 and expe
loris [4]

Answer:

a) See the image attached for the sheet of closing entry

b) New balance = (174000-111000-12000) = 51000

8 0
3 years ago
Shareholders in Frontier Communications were not pleased to learn that the company's market share had changed from 40 to 21 perc
Alja [10]

Answer:

47.5\%

Explanation:

Given: The company's market share had changed from 40 to 21 percentage points.

To find: percent change in market share

Solution:

Change in percentage of company's market share =40-21=19

Percent change in market share = (Change in percentage of company's market share ÷ 40) × 100

=\frac{19}{40}(100)=47.5\%

6 0
3 years ago
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