Which of the following statements best describes the behavior over time of the components of equal mortgage payments?
A) The proportion of interest expense to payment of principal remains the same.
B) Payment of principal increases and interest expense decreases.
C) Both payment of principal and interest expense decrease.
D) Interest expense increases and payment of principal decreases.
B
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Referring to Example 2, which countries' terms of trade improved between 1990 and 2004?
a. Mexico and Denmark
b. Sweden and Denmark
c. Sweden and Spain
d. Mexico and Sweden
A retailer is deciding how many units of a certain product to stock. The historical probability distribution of sales for this product is 0 units, 0.2; 1 unit, 0.3; 2 units, 0.4, and 3 units, 0.1. The product costs $8 per unit and sells for $25 per unit. What is the conditional value for the decision alternative "Stock 3" and state of nature "Sell 1"?
a. 1.4 units b. $1 profit c. $25 profit d. $-8 profit e. $23.80 profit
On December 15, Great Designs Company hired an independent contractor for a project. The contractor completed the project on December 29 and submitted an invoice for $2,425 which was due on January 15 . The amount was duly paid on January 15. (a) Prepare the journal entry or entries necessary to record these transactions. (b) Explain why you prepared this/these journal entries
Companies with substantial assets must notify the FTC before consummating a merger
Indicate whether the statement is true or false