The characteristics of home demand for a firm's products or services include all of the following except:
A) the composition of home demand.
B) the size of the home demand.
C) pattern of the growth of the home demand.
D) means by which the home demand pushes or pulls foreign markets.
E) the size of the competitors share of the home demand.
E
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When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed:
A: A net lease; B: A gross lease; C: A voidable lease; D: A percentage lease.
Lisle Corporation issued $200,000 of 10% bonds on January 1, 2017. The bonds pay interest semiannually on January 1 and July 1. The company has a fiscal year end of May 31. On May 31, 2017, the Lisle Corporation will:
A) make a journal entry to accrue interest expense from July 1 through December 31. B) make a journal entry to accrue interest expense from January 1 through July 1 C) make a journal entry to accrue interest expense from January 1 through May 31. D) make a journal entry to record cash interest paid on May 31.