What would be the interest rate on a loan of $39,927.10 that you paid off with annual payments of $10,000 for each of the next five years?
A) 8%
B) 10%
C) 15%
D) 21%
E) 26%
Answer: A
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A survey conducted at a busy pedestrian intersection is an example of:
A) convenience sampling B) judgment sampling C) referral sampling D) quota sampling E) hallway sampling
The information below was obtained from the records of one of the departments of Cushing Corporation for the month of August. The company uses the FIFO method in its process costing system. UnitsPercent Complete Labor and OverheadWork in process, August 110,00025%Units completed and transferred out75,000 Work in process, August 3120,00050% All materials are added at the beginning of the process.The equivalent units for materials for the month of August are:
A. 85,000 units B. 87,500 units C. 95,000 units D. 75,000 units
A person who transfers the right of possession and use of goods under a lease is known as the ________.
A. lessor B. lessee C. seller D. consignee
An increase in flotation costs will most likely result in which of the following?
A) larger dividend payments so shareholders are able to earn their required returns B) no change in dividend policies because flotation costs are paid by purchasers of common stock C) larger dividend payments to offset higher taxes paid by investors D) smaller dividend payments so that less external equity financing is needed