The inventory method that assigns the most recent costs to ending inventory is LIFO
a. True
b. False
Indicate whether the statement is true or false
False
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Under the add-on method for determining payments on a consumer loan,
A) service charges are added to the each monthly payment. B) a service charge for loan handling is added to the amount borrowed. C) interest is only added to the final monthly payment on the loan. D) interest is added to the amount financed in order to determine the total monthly payments.
Margot always takes her time, considering all available information before making a decision. Margot is an intuitive decision maker.
Answer the following statement true (T) or false (F)
The delegation of a duty still leaves the delegator responsible for the performance of the duty
Indicate whether the statement is true or false
When a financial institution is hedging interest-rate risk on its overall portfolio, the hedge is a ________
A) macro hedge B) micro hedge C) cross hedge D) futures hedge