What, typically, is used to calculate the opportunity cost of capital on a risk-free investment?
A) the best expected return offered in any investment available in the market
B) the interest rate on U.S. Treasury securities with the same term
C) the interest rate of any investments alternatives that are available
D) the best rate of return offered by U.S. Treasury securities
Answer: B
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Journal Entry Asset account decreases
A) Debit (Dr.) B) Credit (Cr.)
Selling agents:
A. Are compensated solely by commissions from their principals B. Act as their principals' representative in a specific and limited territory and specialize in a limited range of products C. Take ownership of the merchandise they sell for manufacturers D. Have no authority to modify their principals' instructions concerning price or terms of sale E. Perform the same functions as manufacturers' reps for their principals