Nancy sends out New Year's cards to a number of people she doesn't know, and several of them respond by sending her a New Year's card. This is an example of

Plant assets purchased on long-term credit contracts should be accounted for at

a. the total value of the future payments. b. the future amount of the future payments. c. the present value of the future payments. d. none of these.

Ellis purchased a home with a low down payment and a long repayment term. This would most likely result in:

A: Increasing the financing cost; B: Decreasing the financing cost; C: Having no effect on the financing cost; D: Accelerating the amortization of the loan.