Online retailing provides an example of the powerful role that intermediaries continue to play in retail trade.
Answer the following statement true (T) or false (F)
True
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Which of the following statements is CORRECT?
A. An investment that has a nominal rate of 6% with semiannual payments will have an effective rate that is smaller than 6%. B. The present value of a 3-year, $150 annuity due will exceed the present value of a 3-year, $150 ordinary annuity. C. If a loan has a nominal annual rate of 8%, then the effective rate can never be greater than 8%. D. If a loan or investment has annual payments, then the effective, periodic, and nominal rates of interest will all be different. E. The proportion of the payment that goes toward interest on a fully amortized loan increases over time.
Which of the following is typically an attribute of a smaller audit firm?
a. The type of work is primarily external audits. b. The firm has multiple teams that work on the audit of a single entitiy and then disband. c. The firm has multiple teams that overlap across engagements. d. The firm has a relatively higher level of staff turnover.
A trade discount is the same as a sales discount
Indicate whether the statement is true or false
Subject matter jurisdiction must be established in the complaint
Indicate whether the statement is true or false