The effective rate does not take compounding into effect
Indicate whether the statement is true or false
FALSE
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Shuttle Master Airlines has leased an aircraft from Streamline Aircraft Company. The annual payments are $1,000,000 and the life of the lease is 18 years. It is estimated that the useful life of the aircraft is 20 years. How would Shuttle Master Airlines record the acquisition of the aircraft? The effective rate of interest is 9%
a. The company would not record the aircraft as an asset but would record rent expense of $1,000,000 per year for 18 years. b. The company would not record the aircraft as an asset but would record rent expense of $900,000 per year for 20 years. c. The aircraft would be recorded as an asset with a cost of $8,756,000. d. The aircraft would be recorded as an asset with a cost of $9,129,000.
When identifying national brands, vendors use a(n) ________ associated with their company.
A. premium brand B. umbrella brand C. copycat brand D. subbrand E. exclusive brand
A(n) ________ is a carefully conceived plan that will result in maximum responsiveness to customers
Fill in the blanks with correct word
Communication is unethical when the sender has the intent to deceive
Indicate whether the statement is true or false