Amani purchased a living room set that cost $2,700. She made a down payment of $700 and financed the balance with an installment loan for 36 months. If the payments are $65.25 each month, use Table 13-1 from your text to find the APR
10.75%
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Which of the following is true for services?
A) All services are people-based, while goods are equipment-based. B) Service providers can be both for-profit or nonprofit. C) All service companies follow the same process to deliver their services. D) The client's presence is a hindrance during the service delivery process. E) Service providers develop similar marketing programs for personal services and business services.
Which of the following is an advantage of leasing an automobile?
a. vehicle is not owned b. lease agreements are consumer friendly c. monthly lease payments are lower than monthly purchase payments d. mileage, repair, and early return costs e. qualification
E-mail messages have not replaced letters because
because A) E-mail tends to be short. B) Letters provide a greater paper trail than e-mail. C) E-mail tends to be casual and conversational. D) All of the above.
Which of the following financial statements provides information about a company as of a specific point in time?
A. Balance sheet B. Income statement C. Statement of changes in stockholders' equity D. Statement of cash flows