A 30-year mortgage loan is a ________

A) long-term liability
B) current liability
C) current asset
D) long-term asset

Answer: A

Business

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Candy Corporation sells a product for $25 with costs of $20 per unit. Candy uses a 12% rate of return for all its calculations. The CFO estimates that there is a 25% probability of a prospective new customers seeking credit will go bankrupt within the next 6 months. Customer wishes to place an order for 2,500 units of the product

A) Do not extend credit; total loss of $5,300 B) Extend credit; total benefit of $5,500 C) Extend credit; total benefit of $5,300 D) Do not extend credit; total loss of $5,500

Business

A supporting response works best when the sender has already determined how to solve the problem

Indicate whether this statement is true or false.

Business