1.Norwood Corp. currently has accounts receivable of $1,223,675 on net sales of $6,216,900. What are its accounts receivable turnover and days sales outstanding (DSO)?

2.Generally speaking, longer term bonds have more credit risk than shorter term bonds.

True

False

3.A bond has a current market price of $1,100, consequently, it is said to be selling at a _____.

Discount

Bonus

Premium

4.

The bonds of a company that has posted weak financial results, and may be on the verge of filing for bankruptcy in the near term will likely trade at a

Discount

Bonus

Premium

5.Under normal operating conditions (excluding fraudulent and class-action related liabilities), stock investors can force a public-traded company into bankruptcy

a. True

b. False