On January 1, Year 1, Clean Dirt, Inc., signed a $10,000,000, 6%, 10-year mortgage note to finance the purchase of an excavator. The note will be repaid in 10 equal annual installments of $1,358,679. Over the 10-year period, as each installment payment is made, the portion of the payment that is Interest Expense ________.

a. The answer cannot be determined from the information given.
b. remains the same
c. increases
d. decreases

Ans: d. decreases

Business

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How does the market for corporate control help stakeholders?

a. By causing managers and executives to focus on the stakeholders b. By having the company stay alive, but under government supervision c. By taking undervalued companies and helping them grow and become more profitable, thus benefitting all stakeholders d. By having larger, more profitable companies take over businesses and cut costs solely to raise profits

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Most companies can replicate a competitor's capabilities by imitating the competitor's staffing practices

Indicate whether the statement is true or false

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