Ted purchased a speedboat costing $15,800 by taking out an installment loan. He made a down payment of $4,000 and financed the balance for 36 months. If the payments are $383.53 each month, find the APR using Table 13-1

Which of the following financial statements is used to analyze the economic resources, debt, and overall financial position of a company?

A) income statement B) balance sheet C) statement of cash flows D) statement of retained earnings

Business-to-business salespeople often use a discounting practice that is often done routinely without much forethought. The goal is to heighten the demand for certain items in a product line. Which of the following is being described?

a. price shading b. price lining c. devaluation d. consumer discounts