If Lawn & Order, Inc., had borrowed $20,000 by issuing an 8-month note at 6% on October 1, instead of a 4-month note at 6%, Interest Expense for the month ended October 31 would have been _______.

a. higher
b. lower
c. the same
d. $0 because the interest will be paid later

Ans: c. the same

Business

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Which of the following statements is NOT true?

A. A salesperson may be licensed under only one Georgia broker. B. Newly licensed salespersons may commence work in real estate only after their brokers have received their licenses. C. A salesperson may be licensed under a second broker if the salesperson pay the prober fees. D. A salesperson must have a written agreement with their broker concerning their financial arrangements.

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