Questions:

17.) EOM and proximo dating are synonymous (True or False)

20.) Explain why retail companies have to markup the selling price above the cost of the goods.

21.) The percent of markup based on cost and percent of markup based on selling price are equal to each other. (True or False)

24.) Explain the simple interest magic triangle

25.) A bank discount is frequently collected by the bank at the beginning of the loan from the proceeds provided to the borrower. (True or False)