A simple interest installment loan calculates interest on the unpaid balance. An add-on
A) calculates the same way with the addition of a factor.
B) calculates interest on the original balance.
C) is less costly.
D) is more costly.
E) both B and D.
Answer: E
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To maintain harmony in a group, some team members may withhold unpopular opinions. This is known as what?
A) Collaboration B) Non performance C) Groupthink D) Hidden agendas E) Participative management
Exhibit 20-5 The Baltimore, Inc entered into a five-year lease with the Waugh Chapel Company on January 1, 2016. Baltimore, the lessor, will require that five equal annual payments of $25,000 be made at the beginning of each year. The first payment will be made on January 1, 2016. The lease contains a bargain purchase option price of $12,000, which the lessee may exercise on December 31, 2020
The lessee pays all executory costs. The cost of the leased property and its normal selling price are $95,000 and $118,236, respectively. Collectibility of the future lease payments is reasonably assured, and the lessor does not expect to incur any future costs related to the lease. Present value factors for a 7% Present value of $1 for n = 1 0.934579 Present value of $1 for n = 5 0.712986 Present value of an ordinary annuity for n = 5 4.100197 Present value of an annuity due for n = 5 4.387211 ? Refer to Exhibit 20-5. If Baltimore requires a 7% annual return, how much gross profit will Baltimore record at the inception of the lease? A) $7,505 B) $14,680 C) $16,061 D) $23,236
It appeared that everyone on the project team was finally on board; Jim would bring the doughnuts to all team meetings and Jenny would make the coffee
Fully caffeinated and on a sugar high, the team was coming together and fully committed to the project development process. The team was now planted firmly in the: A) Storming stage of group development. B) Forming stage of group development. C) Norming stage of group development. D) Performing stage of group development.
Nursing Home Care Company is charged with violating a rule of the Social Security Administration. Most likely, Nursing Home Care will be required to appear at a hearing presided over by
a. a federal appellate court judge. b. a federal district court judge. c. an administrative law judge. d. a U.S Marshal.