The cost to purchase a good or service is the definition of an
A. Expenditure.
B. Expense.
C. Interfund transfer out.
D. Other financing use.
Answer: A
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Which of the following is an advantage of a wide span of control?
A. Managers have better control of employees. B. Managers are less likely to be overloaded with work. C. fewer opportunities for collaboration D. higher employee morale due to increased responsibility
Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback? r = 10.00% Year0 1 2 3 Cash flows?$900 $500 $500 $500
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Using the Adjusted Balance Method: If Monty sends in a payment for $1,000, how much will the finance charge be on his remaining balance? (Use the $6,000 balance for your calculations.)
Monty currently has a Visa card from his bank with the following terms: 18% on purchases, 24% on cash advances with a 4% cash advance fee on the amount, and a default or penalty rate of 36%. His current statement shows a balance of $6,000. So far he has only taken one cash advance, withdrawing $1,000 from a casino in Las Vegas a year ago, which he has already paid off. Lately he has been having a hard time paying more than the minimum payment of 4% of his balance. The only assets he owns are a seven-year-old car and a $2,500 certificate of deposit that has a 5% APR. A) $75 B) $90 C) $110 D) There is not enough information to solve this question.