Given an identical contract rate, the discount loan will have a higher APR than a simple interest loan
Indicate whether the statement is true or false.
TRUE
Business
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On December 31, 2016, interest of $1,500 has accrued on a bank note. This interest payment is due on January 20, 2017. If no adjusting entry is made on December 31, 2016, indicate the effect on assets, liabilities, equity, and net income
Understated, Overstated, No Effect Assets Liabilities Equity Net Income What will be an ideal response
Business
A retailer opening a store in a location where it has no or little recognition should use a(n) _____ advertisement
a. competitive b. reminder c. pioneer d. institutional
Business