Discretionary sources of financing are those sources that vary automatically with a firm's level of

sales.

Indicate whether the statement is true or false


FALSE

Business

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The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. The closer we are to the end of the loan's life, the greater the percentage of the payment that will be a repayment of principal.

Answer the following statement true (T) or false (F)

Business

The proceeds received from discounting a note receivable at a bank are equal to the face value of the note less the discount charged by the bank

Indicate whether the statement is true or false

Business

Incoterms describe the three issues that arise in a commercial transaction: which party does which ______, which party covers the ______, and which party bears the ______.

Fill in the blank(s) with the appropriate word(s).

Business

A request letter does not need to contain background information for the reader

Indicate whether the statement is true or false

Business