The FTC found that dealer financing was often only an advertising gimmick providing the buyer with no real cost savings
Indicate whether the statement is true or false.
TRUE
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Which of the following ratios is used to analyze a company's liquidity?
a. Return on assets ratio b. Inventory turnover ratio c. Earnings per share d. Asset turnover ratio
Comet Corporation's liability account balances at June 30, 2013 . included a 1 . percent note payable. The note is dated October 1 . 2011, and carried an original principal amount of $600,000 . The note is payable in three equal annual payments of $200,000 plus interest. The first interest and principal payment was made on October 1 . 2012 . In Comet's June 30, 2013 . balance sheet, what amount
should be reported as Interest Payable for this note? a. $10,000 b. $15,000 c. $30,000 d. $45,000
What is the name given to the process of building a business with very little funding?
a. seed startup b. bootstrapping c. zero funding d. skeleton funding
______ consist(s) of small amounts of capital given to help prove a concept.
a. Startup loans b. Seed-stage financing c. Startup financing d. Early-stage financing