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Long‑term debt spontaneously changes with the level of sales.

A pension plan that grants mortgage loans

M‑2 includes 1. demand deposits 2. savings accounts 3. small certificates of deposit

The percent of sales method of forecasting assumes that fixed assets vary proportionately with sales.​

Discounting refers to the process of bringing the future back to the present.​

The percent of sales method of forecasting assumes that fixed assets vary proportionately with sales.​

Discounting refers to the process of bringing the future back to the present.​

​The more frequently interest is compounded, the larger will be the final or terminal amount.

Retained earnings represents the earnings accumulated by the firm over its life.​

Because interest is a tax-deductible expense, the effective cost of debt is less than the stated rate of interest.