Which of the following statements is TRUE?
A) By DECREASING the number of payments per year, you REDUCE your total cash outflow but INCREASE your effective borrowing rate.
B) By INCREASING the number of payments per year, you BOOST your total cash outflow but INCREASE your effective borrowing rate.
C) By INCREASING the number of payments per year, you REDUCE your total cash outflow but INCREASE your effective borrowing rate.
D) By INCREASING the number of payments per year, you REDUCE your total cash outflow but DECREASE your effective borrowing rate.
Answer: C
Explanation: C) All other answers besides C have at least one word that disagrees with the correct words found in C.
You might also like to view...
During the early days of business growth, many sold or bartered products from their homes in what became known as ________.
A. service industries B. cottage industries C. customer-focused organizations D. outsourcing organizations
Miriah Inc has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2006. What is the annual dividend on the preferred stock?
A) $50 per share B) $30,000 in total C) $300 in total D) $0.50 per share
What are the two things involved in the leadership challenge to consistently achieve good strategy execution?
What will be an ideal response?
Benjamin 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. Fixed Element per Month Variable Element per Container RefurbishedRevenue $5,400Employee salaries and wages$58,300 $1,000Refurbishing materials $700Other expenses$31,200 ?When the company prepared its planning budget at the beginning of March, it assumed that 26 containers would have been refurbished. However, 23 containers were actually refurbished during March.?The amount shown for revenue in the planning budget for March would have been closest to:
A. $140,400 B. $142,435 C. $126,000 D. $124,200