Interest calculated on the original principal regardless of the number of time periods that have passed or the amount of interest that has been paid or accrued in the past is
A) compound interest.
B) simple interest.
C) present value of future cash flows.
D) future value of a single sum.
B
You might also like to view...
Leaverton's forecast of sales is as follows: July, $60,000; August, $90,000; September, $130,000 . Sales are normally 80 percent cash and 20 percent credit in any month. Credit sales are collected in full in the following month. Merchandise cost averages 60 percent of sales price. The company desires an inventory as of September 30 of $52,000 . The inventory as of June 30 was $25,000. Total
purchases that must be made in order to meet sales and inventory requirements for the quarter amount to a. $195,000. b. $253,000. c. $141,000. d. $307,000.
Under a model of social unionism, the labor movement's influence comes from:
A. Strong bargaining power in the workplace. B. The ability to control workplace decisions. C. Social and political power. D. Government mandates regarding union rights.
Gliding Light, LLC, and Hang Gliders, Inc, are parties to a contract. They subse-quently agree that High Riders Inc should take Gliding Light's place and assume all of its rights and duties under the contract. This is A) an agreement to rescind
B) an accord and satisfaction. C) a novation. D) a settlement agreement.
What is the essential ingredient in all active portfolio strategies?
What will be an ideal response?