The appraisal method used most often to value raw land or sites is the:

Which of the following is a disadvantage of factoring?

A) ensures an uneven pattern of cash flows B) eliminates credit and collection departments C) turns accounts receivable into cash quickly D) highly expensive source of short-term financing

Ben owes $3500 on his credit card which bears an interest rate of 1.5% per month or 19.6% per year

Since Ben is maxed out on his credit limit he is no longer charging anything to the card, but is only making the required monthly minimum payment which is 1.25% of the outstanding balance. How much of Ben's next payment will go towards paying off the outstanding balance? A) $10 per month B) $0; Ben is not even paying enough to pay the monthly interest charge. C) $8.75 D) 443.75