Which of the following is true of business letters? 1. They require embellished and verbose writing

2. They should be written with the assumption the audience can spend plenty of time reading

3. They are often used to communicate with people prior to the meeting

4. They are informal notes used to share personal information

Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is