A discount loan is a loan on which interest is paid in advance by deducting it from the loan so that the borrower actually receives less money than is requested
Indicate whether the statement is true or false
TRUE
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Sarah receives a $15,000 scholarship from City University. The university specifies that $8,000 is for tuition, books, supplies, and equipment for classes. The other $7,000 is for room and board. Sarah works ten hours per week as a grader, for which she is paid $7,500 for the year. Of the total amount received, Sarah must include the following amount in gross income
A. $7,000. B. $14,500. C. $7,500. D. $22,500.
Caterpillar uses target-return pricing to set prices on its construction equipment, and justifies a higher price by showing lower lifetime operating costs
Indicate whether the statement is true or false
Which of the following is accurate regarding the order of the stages of group formation according to Tuckman’s model?
A. forming, storming, norming, performing B. forming, norming, storming, performing C. forming, performing, norming, storming D. storming, forming, norming, performing
The statement of cash flows classifies cash used for interest expense as
a. an operating activity b. an investing activity. c. a financing activity. d. an exchange activity. e. a funds usage activity.