Which item below is not used to determine interest on a consumer loan?
A)
Simple interest
B)
Discount method
C)
Accelerated basis
D)
Add-on method
C
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The following information is available for the Underwater Company for the three months ended March 31 of this year: Inventory, January 1 .................................. $ 450,000 Purchases ............................................. 1,700,000 Freight-in ............................................ 100,000 Sales ................................................. 2,400,000 The gross margin was
estimated to be 25 percent of sales. What is the estimated inventory balance at March 31? a. $600,000 b. $350,000 c. $562,500 d. $450,000
If one's utility curve is not a straight line (i.e., risk indifferent), then one's utility can, over a particular range of EMV,
A) increase at an increasing rate as the monetary value increases. B) increase at an increasing rate as the monetary value decreases. C) increase at a decreasing rate as the monetary value increases. D) increase at a decreasing rate as the monetary value decreases. E) Any of the above
For a party to take by adverse possession, the party's possession must not be open, visible, or notorious.
Answer the following statement true (T) or false (F)
Lacey works for a promotional consultant who develops sweepstakes, games, coupons, and rebate plans for various marketers. Lacey is developing which of the following?
A. Advertising techniques B. Sales promotion techniques C. Publicity examples D. Personal selling techniques E. Direct marketing techniques