You purchase 10 bonds with a coupon rate of 9% and a current market price of 101.125. The commission charge is $5.00 per bond. The date of the transaction is October 1, and the bond pays interest on January 1 and July 1. What is your total purchase price?
A) $10,392.50
B) $10,387.50
C) $10,395.10
D) $10,391.90
B
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Which of the following statements is true of a good merchandise inventory control system?
A) It eliminates the need for authorization of merchandise purchases. B) It ensures that a physical count of inventory is not required. C) It often prevents the company from a stockout. D) It eliminates the need to examine inventory purchases for damage.
All of the following are values that design contributes to an organization except:
a. differentiates product, brand, image by integrating aesthetics b. integrates internal business processes to deliver a better customer experience c. facilitates cultural change d. incorporates sustainability issues into products e. helps reduce cost of materials