Eve is a contractor. Kanye contracts with Eve to remodel his tiny home. After finishing the remodel, Eve sends Kanye an invoice. Which of the following is true?

A. Eve is in default.
B. Kanye is a secured creditor.
C. Eve is an unsecured creditor.
D. Kanye’s tiny home is collateral.

Answer: C. Eve is an unsecured creditor.

Business

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Which of the following is NOT an operations decision?

A. process application B. labour C. production management activities D. temporary storage E. None of the above

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Hampton Construction Inc. has issued 20-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 12% and the current yield to maturity is 10%, what is the firm's current price per bond?

A) $934.20 B) $1,000.00 C) $1,171.59 D) $1,362.74

Business