Justin Mackey purchased a new TV set for a cash price of $862. He financed it with a 36-month installment loan at 11.5% add-on interest. a. What are the monthly payments on the loan? (Round to the nearest cent) b. What is the amount of the finance charge rebate if the loan is paid after the 10th payment? (Round to the nearest cent)
a. $32.21
b. $156.73
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The marketing mix consists of the product, the price, distribution and:
A) emotions B) promotions C) delivery systems D) services
Which of the following describes the interest coverage ratio?
a. Income before income taxes plus interest expense divided by interest expense b. Income after income taxes plus interest expense divided by interest expense c. Income after income taxes divided by interest expense d. Income before income taxes minus interest expense divided by interest expense
The assumed continuation of a business entity in the absence of evidence to the contrary is an example of the accounting concept of
a. accrual. b. consistency. c. comparability. d. going concern.
Which of the following terms is not a model of corporate social responsibility?
a. Business case model b. Social values model c. Syncretic stewardship model d. Profit maximization model