A company borrows $40,000 and issues a 3-year, 10% installment note with interest payable annually. The factor for the present value of an annuity at 10% for 3 years is 2.4869. The factor for the present value of a single sum at 10% for 3 years is 0.7513. The amount of the annual interest payment is $16,084.28.
Answer the following statement true (T) or false (F)
False
$40,000 × 10% = $4,000
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Individuals at the principled moral level base ethical decisions on laws and consequences.
Answer the following statement true (T) or false (F)
A producer is not likely to receive ____ from an industrial distributor.
A. selling activities in local markets B. market information about consumers C. aggressive promotion of its brand D. reduced capital requirements E. a reduced financial burden from customers
A secondary offering is the subsequent offering of securities by the original issuer
a. True b. False Indicate whether the statement is true or false
Which of the following statements is (are) true regarding a company that has implemented flexible manufacturing systems and activity-based costing? I.The company has erred, as these two practices used in conjunction with one another will severely limit the firm's ability to analyze costs over the relevant range. II.Costs formerly viewed as fixed under traditional-costing systems may now be considered variable with respect to changes in cost drivers such as number of setups, number of material moves, and so forth. III.As compared with the results obtained under a traditional-costing system, the concept of break-even analysis loses meaning.
A. I only. B. II only. C. III only. D. I and II. E. II and III.