Harold considers investing in an LM Corp. bond and decides not to purchase the bond. Which of
the following statements is MOST correct?
A) The liquidation value of the bond is greater than the market value of the bond.
B) The intrinsic value of the bond for the investor is greater than the book value of the bond.
C) The intrinsic value of the bond for the investor is less than the market value of the bond.
D) The intrinsic value of the bond for the investor is less than the par value of the bond.
C
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Red Tail Manufacturing, Inc provided the following information for the year
Purchases-Raw Materials $91,000 Plant Utilities and Insurance 66,000 Indirect Materials Used 11,240 Indirect Labor 4,830 Direct Materials Used in Production 98,000 Direct Labor 118,500 Depreciation on Factory Plant and Equipment 8,000 Cost of Goods Manufactured 292,000 Cost of Goods Sold 290,000 The inventory account balances as of January 1 are given below. Raw Materials Inventory $45,000 Work-in-Progress Inventory 11,000 Finished Goods Inventory 304,570 What is the ending balance in the Finished Goods Inventory? A) $304,570 B) $302,570 C) $306,570 D) $596,570
Ken works at his company's warehouse, where he makes sure that the correct shipments are delivered to the company's vendors on time. In his job, Ken is fulfilling the ________ marketing function
A) communication B) physical C) facilitating D) exchange E) transaction