The ________ is the true simple interest rate paid over the life of a loan and provides a reasonable approximation for the true cost of borrowing
A) APP
B) APR
C) ADR
D) ARR
E) none of the above
Answer: B
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A company forgot to record four adjustments during 2013 . Which one of the following omissions of adjustments will overstate assets?
a. Sales made during the last week of the period are not recorded. b. Interest on monies borrowed has not yet been recorded. c. Prepaid insurance is not reduced for the portion of the policy that has expired during the period. d. Income taxes owed but not yet paid are ignored.
Refer to Hyundai. Hyundai’s generous warranty means that the company will assume responsibility for the cost of all repairs for 10 years or until the car has been driven an astounding 100,000 miles, generally longer than a single driver will own the car. The warranty demonstrates Hyundai’s commitment to ____, a quality-related service characteristic.
Fill in the blank(s) with correct word.
Identify the adjectives in the sentence. The memorable voyage from New York to Southampton took six days
Melanie: "I'll buy that armoire for $775." Judith: "It's not for sale." Melanie: "How about $875?" Judith: "I don't know. It's been in my family for 130 years." Melanie: "How about $1000?" Judith: "I'll think about it." A) There is an option contract
B) There is no contract. C) There is a reliance case. D) There is a quasi contract.