Gerritt wants to buy a car that costs $31,250. The interest rate on his loan is 5.69 percent compounded monthly and the loan is for 6 years. What are his monthly payments?

A. $510.92
B. $524.44
C. $496.23
D. $513.34
E. $539.01


Answer: D

Business

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Lynette is the new head of operations for ShurWay, a nationwide corporation with offices in several major cities. Promoted to headquarters from an office in another city, she will be overseeing people who have long worked together and may feel some resistance to an "outsider." Therefore, it is important for her to establish herself as a leader in their eyes. She will have an opportunity to do just that tomorrow, when she will be invited to make some remarks at a departmental get-together organized in her honor. The best way for Lynette to set the right tone is to let everyone know that she is ready to

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Business

Which of the following is a FALSE statement?

A) Revenues provide inward flows of assets. B) Revenue is categorized as an asset. C) Revenue is categorized as part of Retained Earnings. D) Revenues are generated from the sale of goods and services.

Business

Which is not an attribute of an external auditor?

A.  Independence. B.  Auditee advocacy. C.  Objectivity. D.  Concern for the public interest.

Business