________ is instrumental for a good design

A liability created when a business collects cash from customers in advance of providing services or delivering goods is called a(n) ________

A) notes receivable B) unearned revenue C) accrued liability D) service revenue

TVM formulas provide answers for periodic rates (e.g., annual, quarterly, monthly, daily, etc.) and the total number of periods over the length of the loan

Indicate whether the statement is true or false.