Home mortgage loans are commonly paid off by making equal monthly payments consisting of both interest and principal. This is an example of an amortized loan
Indicate whether the statement is true or false.
Answer: TRUE
You might also like to view...
How could the Internet of Things benefit marketers?
What will be an ideal response?
The optimal capital structure is the one that balances ________
A) return and risk factors in order to maximize profits B) return and risk factors in order to maximize earnings per share C) return and risk factors in order to maximize market value D) return and risk factors in order to maximize dividends
Marbry Corporation's balance sheet and income statement appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$44 $37 Accounts receivable 57 49 Inventory 48 42 Total current assets 149 128 Property, plant, and equipment 441 360 Less accumulated depreciation 281 248 Net property, plant, and equipment 160 112 Total assets$309 $240 Liabilities and stockholders' equity: Current liabilities: Accounts payable$35 $43 Accrued liabilities 18 16 Income taxes payable 37 40 Total current liabilities 90 99 Bonds payable 15 20 Total liabilities 105 119 Stockholders' equity: Common stock 34 30
Retained earnings 170 91 Total stockholders' equity 204 121 Total liabilities and stockholders' equity$ 309 $ 240 Income StatementSales$ 807Cost of goods sold 531Gross margin276Selling and administrative expense 143Net operating income133Gain on sale of plant and equipment 10Income before taxes143Income taxes 43Net income$ 100Cash dividends were $21. The company did not issue any bonds or repurchase any of its own common stock during the year. The net cash provided by (used in) financing activities for the year was: A. ($5) B. ($21) C. ($22) D. $4
The ________ forecasting method creates a forecast for the next period by using the ________ value of the last period.
A. naïve, forecast B. naïve, actual C. moving average, forecast D. moving average, predicted