An annuity is a series of equal payments at equal time intervals.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Domenico Enterprises purchased land for $2,000,000 in 1999 . In 2016, an independent appraiser assessed the value at $4,400,000 . What amount should appear on the financial statements in 2016 with respect to the land?
a. $2,400,000 b. $2,000,000 c. $4,400,000 d. Whatever amount the company believes is the best indicator of the true value of the land.
If Ash Company had sales during the year of $10,000,000, an average accounts receivable of $2,000,000, and net income of $500,000, its accounts receivable turnover ratio would be 0.25
a. True b. False Indicate whether the statement is true or false
What is the major advantage of personal selling over advertising as a communication method?
A. Personal selling improves the image of the firm, whereas advertising does not. B. Personal selling results in sales responses that are difficult to measure, whereas advertising results in immediate feedback. C. Personal selling involves the usage of mass media, whereas advertising does not. D. Personal selling activates the receiver's selective processes, whereas advertising does not. E. Personal selling involves direct contact between the buyer and seller, whereas advertising deals with indirect contact.
Franchisors usually seek to exercise control over all aspects of the service performance through tightly defined ____________
a. service standards b. procedures c. scripts d. physical presentations e. all of the above