If a loan is to be repaid in equal periodic amounts (monthly, quarterly, or annually), it is said to be an amortized loan.
Answer the following statement true (T) or false (F)
True
An amortized loan is a loan that requires equal payments over its life; the payments include both interest and repayment of the debt. See 4-6: Amortized Loans
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A decrease in prepaid expenses of $8,000 for the year:
A. increases cash flow from operating activities by $8,000. B. decreases cash flow from operating activities by $16,000. C. decreases cash flow from operating activities by $8,000. D. increases cash flow from operating activities by $16,000.
A(n) ______________________________ is an external request for the purchase of goods or services from a vendor
Fill in the blank(s) with correct word
Which of the following statements is true of obtaining commitment from a buyer?
A. Obtaining commitment deals only with securing an order. B. The process of obtaining commitment occurs only toward the end of any sales call. C. If obtaining commitment fails for any reason, the salesperson should argue or show his disappointment to the prospect. D. Salespeople gain commitment repeatedly, for instance, when checking to see whether a customer's entire needs have been identified. E. Even without a buyer's commitment, a sale can take place.
Explain the purpose of each of the following documents used in the payroll system: the personnel action form, the job ticket, the time card