A customer wants to borrow $1,200 from Edmond State Bank. Edmond State Bank has an add-on loan with an interest rate of 12 percent and monthly payments for one year. What are the monthly payments this customer will need to make on this loan?
A. $100 per month
B. $112 per month
C. $107 per month
D. $88 per month
E. None of the options is correct
B. $112 per month
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Organizations must communicate benefits information to employees so that they will
A. be motivated to work harder. B. be legally liable in an employee lawsuit. C. appreciate the value of their benefits. D. choose the least-expensive benefits package. E. be informed of future career opportunities within the organization.
The balances in deferred (unearned) revenue accounts represent amounts that are Earned Collected I. Yes No II. Yes Yes III. No No IV. No Yes
A) I B) II C) III D) IV
The corporate form of organization is important to the U.S. economy because
A) there are more corporations than sole proprietorships. B) there are more corporations than partnerships. C) there are more sales of goods and services by corporations than any other business forms. D) corporations provide more donations to the economy than other business forms due to the many tax incentives geared toward corporations.
Techniques for preparing effective sales messages include all EXCEPT
a. presenting supporting evidence to satisfy the receiver's needs. b. making the action clear and simple. c. offering a guarantee or including an enclosure. d. requiring an immediate response from the receiver.