What is the APR on a loan with an effective annual rate of 16.21% and weekly compounding of interest?

a. 13.54%
b. 14.04%
c. 15.04%
d. 13.04%

Ans: c. 15.04%

Business

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Allen Moving Company uses the indirect method to prepare its statement of cash flows

Refer to the following portion of the comparative balance sheet: Allen Company Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase/(Decrease) Common Stock $34,000 $10,000 $24,000 Retained Earnings 115,000 90,000 25,000 Treasury Stock (13,000 ) (8,000 ) (5,000 ) Total Stockholders' Equity 136,000 92,000 44,000 If the net income for the year was $67,000, the company must have declared $42,000 as dividends during the year. Indicate whether the statement is true or false

Business

In handling objections during the sales call, Gavin (the salesperson) normally will say "yes, but ..." then proceed to explain his brand's benefits or features that will address the objection raised. This approach is called the:

A) compensation method B) "feel, felt, found" method C) head-on method D) indirect method

Business