Assuming that you can afford a car payment of $400 for 36 months, which of the following is closest to the annual interest rate you would need on a loan to borrow $12,000 for a new car?
A) 10.99 percent
B) 11.26 percent
C) 12.25 percent
D) 12.99 percent
Answer: C
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Which of the following sparked renewed interest in corporate governance?
a. Scandals among CEOs who were eventually convicted of fraud. b. Advances in technology that have dramatically improved communication. c. Rising oil prices as well as higher prices for many other natural resources. d. High-profile businesspeople creating charitable foundations. e. An increasingly diverse workforce.
What is the accounting principle underlying the recognition of an estimated liability for warranties in the period of product sale?
a. Matching b. Materiality c. Full Disclosure d. Conservatism
Instead of declining, this nonrenewable energy source, because of its lack of pollution and the generally rising price of oil, has seen significant growth.
A. Wind power B. Nuclear power C. Petroleum D. Geothermal power
Determining the facts in an unbiased manner is the ________ step in the ethical decision-making framework.
Fill in the blank(s) with the appropriate word(s).