Banks calculate the monthly payment on a loan as
A) as an annuity due with payment made one month in advance.
B) as an annuity due with payment made at end of month.
C) as an ordinary annuity with payment made at end of month.
D) as an ordinary annuity with payment made one month is advance.
D
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Retail convergence most likely leads to ________
A) reduced differentiation B) reduced competition C) increased sales D) increased profit margins E) reduced advertising costs
Which of the following is true with regard to strategic planning?
A) At the corporate level, the company starts the strategic planning process by determining what portfolio of businesses and products is best for the company. B) A strategic plan deals with a company's short-term goals. C) The focus of strategic planning is to define a game plan for long-run survival and growth. D) The strategic plan is a statement of an organization's purpose. E) Strategic planning involves identifying segments of consumers with identical preferences.
The most cost-effective way to reduce fraud is to:
a. prevent fraud. b. investigate fraud. c. prosecute fraud. d. conceal fraud.
Copper Piping Company's liabilities exceed its assets, but its books falsely reflect a positive net worth. Copper hires Dart & Dash, an accounting firm, to prepare a balance sheet, which is certified to show a net worth. Equity Bank relies on the balance sheet to make a loan to Copper. Copper defaults on the loan. Under the Ultramares rule, Dart & Dash is most likely not liable because the
firm? A) did not owe a duty of care to any third party. B) is not responsible Copper's false books. C) finished its work before Copper's loan and default. D) was not in privity with Equity.