Johnny Wants to Work in Manufacturing

question 117

Multiple Choice

Johnny wants to work in manufacturing.He will work in a sector that employsof U.S.workers.

• A)10 percent
• B)20 percent
• C)30 percent
• D)50 percent

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Definitions:

Equal Annual Payments

Payments made in uniform amounts each year, typically used in amortization of loans or in annuities.

Compound Interest

This is the calculation of interest on a deposit or loan that takes into account both the initial principal and the compounded interest from past periods.

Bonds Payable

Long-term liabilities representing money a company owes to holders of its bond issues, often with fixed interest payments.

Long-Term Lease Liabilities

Financial obligations resulting from leasing contracts that extend beyond one year, recorded on the balance sheet under liabilities.