You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end-of-year payments. The interest rate on the loan is 11.5%. Consider the final loan payment
How much principal do you pay in the final payment?
A) $3,506.09
B) $2,529.29
C) $2,820.16
D) $3,144.48
E) $3,909.29
A
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The balance in a bond discount account should be reported on the balance sheet as a deduction from the relatedbonds payable
a. True b. False Indicate whether the statement is true or false
Referring to Figure 5.1, suppose the Mexican government imposes an import quota equal to 2 tons of steel. If the Mexican government auctions import licenses to the highest foreign bidder, the overall welfare loss of the quota to Mexico equals
a. $200. b. $400. c. $600. d. $800.
The ________ environment includes factors that relate to the nature, quantity, and potential actions of a company's competitors
A) cultural B) economic C) legal D) political E) competitive
Jurisdiction-specific corporate laws limit directors' freedom to declare dividends. Which of the following is/are not true?
a. The board may declare dividends "out of capital," that is, debited against the contributed capital accounts, which result from fund-raising transactions with owners. b. The board may declare dividends "out of earnings" by debiting them against the Retained Earnings account, which results from earnings transactions. c. "Capital" may mean the par or stated value of outstanding common shares or the total amount paid in by shareholders. d. Some jurisdictions allow corporations to declare dividends out of the earnings of the current period even if the Retained Earnings account has a debit (negative) balance because of accumulated losses from previous period e. none of the above