All of the following are correct statements about credit except
A) creditor provides funds.
B) credit needs to be paid back in the future.
C) repayment will include interest.
D) the interest is the total amount to be repaid.
Answer: D
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A company borrowed cash from the bank and signed a 5-year note at 6% annual interest. The present value for an annuity (series of payments) at 6% for 5 years is 4.2124. The present value of 1 (single sum) at 6% for 5 years is 0.7473. Each annual payment equals $8900. The present value of the note is:
A. $37,490.36. B. $37,899.00. C. $6650.97. D. $157,544.00. E. $27,949.00.
Discuss product strategies in the context of a marketing mix
What will be an ideal response?
Kim and Mauborgne distinguish between _________________.
a. Red and blue ships b. Red and blue chips c. Red and blue oceans d. Red and blue colours
Cincy, Inc is building a $20 million dollar addition onto its distribution facility. To build the facility, Cincy must fill in two acres of wetlands. Under the Clean Water Act, Cincy must obtain a permit before filling in the wetlands
a. True b. False Indicate whether the statement is true or false