Treasury bills (T-bills) are Treasury securities with maturities of one year or less
Indicate whether the statement is true or false.
Answer: TRUE
Business
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Felton Financial Inc, had net earnings last year of $487,000. If the firm has a dividend payout policy of 30%, what was the addition to retained earnings?
A) $340,900 B) $487,000 C) $146,100 D) There is not enough information to answer this question.
Business
Which one of the following provides a specialized sales or service strategy, offers support at various levels, and occasionally invests in the firm in exchange for periodic fees?
A) joint venture B) franchising C) licensing D) royalty
Business