The annual percentage rate (APR) is all of the following except
A) a simple interest rate for borrowing money for a year.
B) it requires a complex formula to compute.
C) it includes fees such as application processing fees.
D) it allows easy comparison of financing costs among various creditors.
Answer: B
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To attend a winter concert presented by the community chorus, every person had to donate one unwrapped toy at the concert hall door. This statement is most closely related to the ________ element of the marketing mix.
A. product B. philanthropy C. promotion D. place E. price
Which statement is not correct?
a. Auditors gather evidence using tests of controls and substantive tests. b. The most important element in determining the level of materiality is the mathematical formula. c. Auditors express an opinion in their audit report. d. Auditors compare evidence to established criteria.
Assume you have applied for two scholarships, a Merit scholarship (M) and an Athletic scholarship (A). The probability that you receive an Athletic scholarship is 0.18. The probability of receiving both scholarships is 0.11. The probability of getting at least one of the scholarships is 0.3. a.What is the probability that you will receive a Merit scholarship?b.Are events A and M mutually exclusive? Why or why not? Explain.c.Are the two events A and M independent? Explain using probabilities.d.What is the probability of receiving the Athletic scholarship given that you have been awarded the Merit scholarship?e.What is the probability of receiving the Merit scholarship given that you have been awarded the Athletic scholarship?
What will be an ideal response?
At December 31 . 2013 . Morrison Company had 700 shares of common stock outstanding. On September 1 . 2014, an additional 300 shares of common stock were issued. In addition, Morrison had $20,000 of 8 percent convertible bonds outstanding at December 31 . 2013 . which are convertible into 400 shares of common stock. No bonds were converted into common stock in 2014 . Net income for the year ended
December 31,2014, was $6,000 . Assuming an income tax rate of 50 percent what would be the company's diluted earnings per share for the year ended December 31 . 2014? a. $7.50 b. $5.67 c. $5.00 d. $4.33