Homework Clinic
Social Science Clinic => Business => Finance => Topic started by: theo on Jul 11, 2018
-
Under the two-cycle average daily balance method for computing interest,
A)
there is a two-month grace period before any interest is owed on the unpaid balance.
B)
you will always pay more interest than under the one-cycle daily balance method.
C)
consumers who have a permanent unpaid balance will pay more interest than under the one-cycle daily balance method.
D)
a grace period applied in a previous month is eliminated if you fail to completely pay off the balance in the present month.
Question 2
Which of the following factors enable a public corporation to grow to a greater extent, and perhaps at a faster rate, than a partnership or proprietorship?
A) Access to the capital markets
B) Unlimited liability of the shareholders
C) Limited life
D) Elimination of double taxation corporate income
-
Answer to Question 1
D
Answer to Question 2
A