With a selling price $95,000, a down payment of $20,000, and a mortgage at 10% for 30 years, calculate the total cost of interest.
What will be an ideal response?
$162,060
$95,000 - $20,000 = $75,000; $75,000 / $1,000 = 75; 75 × $8.78 (Table 15-1) = $658.5; $658.5 × 30 × 12 = $237,060 - $75,000 = $162,060
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New actuarial losses arising in the current year would:
A. increase the PBO and increase OCI. B. increase PBO and decrease OCI. C. decrease OCI and decrease plan assets. D. decrease plan assets and increase pension expense.
All of the following are the goals of internal controls over merchandising transactions except
a. To keep credit losses at a minimum b. To retain enough cash to take advantage of cash discounts c. To keep the appropriate amount of inventory on hand d. To decide on the quality of materials to be purchased
With a cut in the proposed budget, (there, they're) will be (fewer, less) money allocated to recreational projects
What will be an ideal response?
Teams require support, which can be
A) Managerial. B) Financial. C) Attitudinal. D) All of the above.