A CDS with a number of reference entities provides for each reference entity a payoff if it defaults. What is a name for this CDS?
A. Binary CDS
B. Add-up Basket CDS
C. First-to-Default CDS
D. n-to-Default CDS
B
This is a portfolio of CDSs and is known as an add-up basket
Business
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One factor that is not considered in determining the useful life of an intangible asset is
a. salvage value. b. provisions for renewal or extension. c. legal life.
Business
Flamingo, Inc has the following budgeted figures
Jan Feb Mar April Sales $50,200 $67,000 $84,000 $95,000 Cost of goods sold 60% of sales Required ending inventory $10,000 + 25% of next month's sales Inventory on hand on Jan 1 $27,500 Calculate cost of goods sold for the month of February. A) $16,750 B) $30,120 C) $29,370 D) $40,200
Business