What type of loan makes interest payments throughout the life of the loan and then pays the principal and final interest payment at the maturity date?

A) Amortized loan
B) Interest-only loan
C) Discount loan
D) Compound loan


Answer: B

Business

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Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:1. Andrea invested $13,500 cash in the business in exchange for common stock. 2. Andrea contributed $20,000 of photography equipment to the business. 3. The company paid $2,100 cash for an insurance policy covering the next 24 months. 4. The company received $5,700 cash for services provided during January. 5. The company purchased $6,200 of office equipment on credit. 6. The company provided $2,750 of services to customers on account. 7. The company paid cash of $1,500 for monthly rent. 8. The company paid $3,100 on the office equipment purchased in transaction #5 above. 9. Paid $275 cash for January utilities. Based

on this information, the amount reported as total stockholders' equity on the balance sheet at month-end would be: A. $30,875. B. $31,400. C. $31,150. D. $40,175. E. $39,200.

Business

Picketing that prevents customers from entering an employer's place of business is illegal

Indicate whether the statement is true or false

Business

The withdrawals account is normally closed by debiting it.

Answer the following statement true (T) or false (F)

Business

True or False In the randomized block design, interaction is present when the effect of a treatment depends on the block to which it has been administered

Indicate whether the statement is true or false

Business