Author Question: Under the two-cycle average daily balance method for computing interest, A) there is a ... (Read 109 times)

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