Animal world issues ten-year bonds at their face amount of $100 million with the option to call the bonds at $102 million. two years later, interest rates have decreased and animal world decides to call the bonds. the company estimates that over the next eight years, they will save $16 million of cash interest. the journal entry to retire the bonds will include a:

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

In the context in which your reading material uses the term traffic patterns are