A result and a conclusion are not the same thing

Indicate whether the statement is true or false


True

Business

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Your annual mortgage payments are $10,000 of which $8,000 represents interest payments, your marginal tax rate is about 30%, and you do not itemize deductions. Home ownership will reduce your tax payments by about how much?

A) zero B) $2,400 C) $3,000 D) $7,000

Business

On December 1, 2016, Gardner Products borrowed $92,000 on a 5%, 10-year note with annual installment payments of $9,200 plus interest due on December 1 of each subsequent year

Which of the following describes the first installment payment made on December 1, 2017? (Round your answer to the nearest whole number.) A) $9,200 principal plus $4,600 interest B) $9,200 principal plus $460 interest C) $9,200 principal plus $9,200 interest D) $4,600 interest only

Business

In the context of the components of turnover costs, list the eight cost elements associated with replacing employees who leave.

What will be an ideal response?

Business

A cost that changes with the level of output is called a(n) _____ cost.

A. liquidity B. variable C. fixed D. asset E. elastic

Business