53. In order to determine cash receipts, the financial manager must know the

Select one:

a. Gross profit and the collection pattern

b. Gross profit and taxes

c. Projected sales and the collection pattern.

d. Projected sales and the profit margin

50. There is an inverse relationship between the length of the compound period and the effective annual interest rate.

Select one:

a. False

b. True

16. Home mortgage loans are commonly paid off by making equal monthly payments consisting of both interest and principal. This is an example of an amortized loan.

Select one:

a. false

b. true