The costs of not having a product available when demanded by a customer are called setup costs
Indicate whether the statement is true or false
False
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Generally, a portfolio of 20 securities is adequate to eliminate most market risk
Indicate whether the statement is true or false
You are presented two choices to borrow funds for a significant unexpected expenditure. it will take at least three years to pay off the loan assuming you make more than the minimum payment
Which choice is the least cost alternative in terms of interest paid over the life of the loan? A) A credit card with a variable interest rate of 4 % over the prime rate; for info, the latest forecast is for prime to stay below 5% throughout the life of your loan. B) An interest only balloon payment loan for 3 years with 10% interest, but your monthly payments would be half of those compared to the credit card. C) There is not enough information to make the decision. D) Both A and B are about equal since the interest only payment aspect offsets the slightly higher interest rate on the credit card
When individuals withdraw cash from checking accounts, the money supply is unaffected.?
Answer the following statement true (T) or false (F)
Chase has a $42,500 line of credit which charges an annual percentage rate of prime rate plus 5%. His starting balance on June 1 was $2,550. On June 4, he borrowed $5,300. On June 9, Chris made a payment of $800, and on June 17, he borrowed $5,600. If the current prime rate is 10%, what is his new balance?
A) $12,050.59 B) $12,598.99 C) $12,850.00 D) $12,766.83