Interest on a twelve-month installment loan is to be calculated using the discount method. If the purchase to be financed is $1,000 and the discount rate is 6%, then your monthly payment is about
A)
$76.67.
B)
$86.07.
C)
$88.33.
D)
$88.65.
D
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Shawn sells office supplies and paper to large corporations, many of whom are current customers. What sales presentation method should Shawn most likely use?
A. Memorized B. Need-satisfaction C. Barrier D. Persuasive selling E. Problem-solution
Answer the following statements true (T) or false (F)
1. Nonverbals enhance communication by combating the effects of noise. 2. Kinesics is the category of nonverbals behavior that is the most studied. 3. The term “kinesics” refers to the space around us and how we and others relate to it. 4. South American and Arab business people generally prefer to operate in the same proxemic zone as U.S. business people.
The buying objective for nonprofit firms and government agencies is usually to
A. meet the needs of the groups they serve. B. increase profits through increasing revenues. C. reduce profits through reducing costs and reducing revenues. D. increase profits through reducing costs. E. maintain profits through reducing costs and increasing revenues.
Suppose that the coupon rate of a floating-rate security resets every six months at
a spread of 70 basis points over the reference rate. If the bond is trading at below par value, explain whether the discount margin is greater than or less than 70 basis points.