Answer the following statements true (T) or false (F)
1) In counting the number of days in a note term, omit the date the note was issued.
2) A five-month note dated October 15, 2019 would mature on February 15, 2020.
3) Interest on a $15,000 note at 4% for 4 months is $200.
4) Interest on a $40,000 note at 10% for 45 days is $493. (Use a 360 day year. Round your answer to the nearest dollar.)
5) In the formula for computing the interest on a note, the time period represents the portion of a year that interest has accrued on the note.
1) TRUE
2) FALSE - A five-month note dated October 15, 2019 would mature on March 15, 2020.
3) TRUE
4) FALSE - $40,000 × 0.1 × 45 / 360 = $500
5) TRUE
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A) generate personal relationships between the firm and the media B) satisfy the needs and concerns of long-term Mercedes owners C) encourage charitable donations among Mercedes owners D) draw attention to special pricing opportunities E) create interest among future luxury car buyers
In vertical analysis, each item is expressed as a percentage of:
A. Total assets on the balance sheet. B. Total current assets on the balance sheet. C. Total cash on the balance sheet. D. None of these answers is correct.
Although the customer should be the target of all marketing efforts, customers are not part of a marketing mix.
Answer the following statement true (T) or false (F)
A court of original jurisdiction is called a
a. trial court. b. higher court. c. review court. d. criminal court only.