In international commerce, time drafts are negotiable instruments
Indicate whether the statement is true or false.
TRUE
Time drafts are negotiable instruments; that is, once the draft is stamped with an acceptance, the maker can sell the draft to an investor at a discount from its face value
Business
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Which of the following is not a type of term life insurance?
A) Single-year term B) Single-month term C) Multiyear term D) Term to a specific age
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Rivera Publishing reported the following results for its Trade Paperback Division:
Sales $2,200,000 Operating income $600,000 Total assets $1,200,000 Current liabilities $1,000,000 Rivera's target rate of return is 12% and the weighted average cost of capital is 10%. What is the Trade Paperback Division's Return on Investment (ROI)? A) 20.00% B) 50.00% C) 40.00% D) 200.00%
Business