The cost of giving up a cash discount under the terms of sale 1/10 net 60 (assume a 360-day year) is ________

Should firms report interest income and fair value holding gains from investing in corporate bonds in current period net income when the bonds are classified as held-to-maturity?

a. No, only fair value holding gains are reported in current period income. b. No, only interest income is reported in current period income. c. No, neither is reported in current period net income. d. Yes, both are reported in current period net income.

In the mind of the consumer, a strong corporate image is linked to:

A) perceptions of economic conditions B) ratings by financial advisors C) reduction of search time in purchase decisions D) finding substitute goods when making purchases