Why does interest expense decrease during the life of an installment note payable? How is the amount of interest expense computed?
What will be an ideal response?
Interest expense on a note payable is based on remaining principal balance. Because each payment includes a principal repayment as well as a payment for interest, the amount of principal would decrease with time. The interest is computed by multiplying the stated rate times the principal balance.
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In the ________ category of buyer-supplier relationship, although bonded by a close, cooperative relationship, the seller adapts to meet the customer's needs without expecting much adaptation or change on the part of the customer in exchange
A) contractual transaction B) cooperative system C) collaborative D) mutually adaptive E) customer is king
Which of the following statements is true of translation software?
a. Translation packages are based on word-for-word translations and do not address semantic and idiomatic phrases. b. Translation systems can be customized for a particular subject area. c. The popularity of translation software appears to have peaked and has now leveled out. d. Translation facilities are currently under development that will hopefully be available for phone communications in the next few years.
The decisions you make will not impact the decisions of others
Indicate whether the statement is true or false
What happens to the life insurance proceeds upon the death of an insured who has not named a beneficiary?
A) The proceeds are given to the state. B) The proceeds remain with the insurer for the full-term of the insurance. C) The proceeds are given to charitable organizations. D) The proceeds go to the insured's estate.