Installment payments for mortgages generally contain both an amount for principal repayment and an amount for interest

Indicate whether the statement is true or false


TRUE

Business

You might also like to view...

Brong Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for MarchRevenue   $5,900$108,300Employee salaries and wages$49,500 $900$66,000Refurbishing materials   $500$9,500Other expenses$40,300   $39,800When the company prepared its planning budget at the beginning of March, it assumed that 22 containers would have been refurbished. However, 18 containers were actually refurbished during March.The variance for net operating income in the Revenue and Spending Variances column

of a report comparing actual results to the flexible budget for March would have been closest to: A. $16,200 U B. $1,800 F C. $1,800 U D. $16,200 F

Business

Cheesy Pizza Company contracts to sell 1,000 cases of frozen pizzas to Roller Rinks, Inc., but refuses to deliver. Due to a spice shortage, Roller Rinks cannot obtain pizza elsewhere. Roller Rinks's right to recover the goods from Cheesy is the right of

A. cover. B. cure. C. replevin. D. specific performance.

Business

Which function is not an @RISK statistical function?

a. RISKMIN b. RISKMAX c. RISKPERCENTILE d. RISKSIMTABLE

Business

________ leadership invites colleagues at the same level to solve problems together.

A) Horizontal B) Vertical C) Collegial D) Lateral E) Shared

Business