On January 1, 2009, Ilia Tool Company issued a $1,000,000 non-interest bearing note, which is priced in the market to yield 5% annually. The note had a two-year maturity, that is, on December 31, 2010, Ilia Tool Company will make a payment of $1,000,000 to settle the liability. Required:
a. How much would Ilia Tool Company receive from the note issuance? Write down the valuation equation.
b. How much interest expense should Ilia Tool Company record in 2009? Write down the equation used to calculate the interest expense.

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?