Suppose you borrowed $37,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be?
A. $8,908.18
B. $11,420.74
C. $9,136.59
D. $10,735.50
E. $9,707.63
Answer: B
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A manufacturer of audio equipment employing an activity-based cost hierarchy uses the unit, batch, product, and facility levels to classify its activities. A batch-level activity is
a. testing products. b. inspection. c. implementation of engineering changes. d. maintenance of the building.
If sales exceed production, absorption costing net income exceeds variable costing net income
Indicate whether the statement is true or false
Samuel is a manager at XYZ companies. He is part of a group with Shaheena and Eddie. Eddie only does and says things that help himself out, not the group. Eddie is displaying what type of role?
a. task role b. self-interest role c. maintenance role d. job role
Equipment costing $12,000, which has an estimated salvage value of $2,000 and an estimated life of 5 years, is being depreciated using the straight-line method. What is the book value of the equipment after 2 years?
a. $10,000 b. $ 8,000 c. $12,000 d. $ 4,000