Matt is borrowing $4,500 to buy a used car and is using a spreadsheet to compare loans. Column A contains the principal amount, Column B contains the rate, Column C contains the time in years and Column D contains the interest paid over the life of the loan. Row 2 contains the first loan which has an interest rate of 8% for 4 years. Which formula should be entered in D2 to calculate the simple
interest?
a. =A2*B2*C2/360
b. =A2*B2*C2/365
c. =A2*B2*C2/12
d. =A2*B2*C2
d
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A company's income statement showed the following: net income, $124,000 and depreciation expense, $30,000. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $9,400; merchandise inventory increased $18,000; and accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.
A. $178,000. B. $159,200. C. $148,800. D. $123,200. E. $118,000.
It is wise to judge people based on their conduct and qualities
Indicate whether the statement is true or false
After Barbara Corcoran started her real estate company, she sat down and made some goals. These goals called for
a. doubling the number of agents and the commissions every year, from 14 sales agents in 1978 to 1,792 salespeople in 1985 b. modest growth that she could be reasonably certain of achieving c. increasing the number of agents and commissions by 10% every year, an ambitious goal that would eventually lead to a doubling of her firm size d. improvements in her most important asset—herself! She focused on improving her self-image, her self-confidence, and her moods
Individual debtors are allowed to keep some assets in a Chapter 7 bankruptcy
a. True b. False Indicate whether the statement is true or false