Multiple Choice Questions (5 marks) - Type X as your answer against the choice selected 1. Ten years ago you borrowed $300,000. The term of the loan was 20 years and required monthly payments of $3.309.26. The interest rate on the loan was 12 percent compounded monthly. You have just made the 120th payment. What is the principal outstanding 41 A 5212 583 $2.30.239 C5191.866 0.5150,000 2. Which of the following descriptions about neatcash is fake? Aloe Teturns Brest cudity minimal additional 30 D. to credit 31 33. The following information is available for Chan Company Sales $ 350.000 54 Cost of goods sold 120.000 Totalted expenses 60.000 Total variable expenses 100.000 Which amount would you find on Chap's CVP income statement? 58 A Contribution margins of $250.000 9. Contribution margin of $190.000 C Grous profit of $230,000 Do profit of 5190,000 Which of the following statements is correct? A The future value of a perpetulty cannot be computed The future value of a perpetuity can be computed. The prent value of perpetuity cannot be computed D. The present value of an annuity cannot be computed S. The period of time but in the sale of finished goods on credit and the collection of the cash is called the mory parle Cogede