You have just remembered that four years ago you placed $1,000 in a bank account. If the bank was paying an annual rate of return of 8% during that time, how much should you have in your forgotten account?
A) $1,253.03
B) $1,360.49
C) $1,321.92
D) $1,301.92
Answer: B
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The balance of the income summary account of a corporation is transferred to which of the following accounts?
a. Capital Stock b. Cash c. Premium on Sale of Capital Stock d. Retained Earnings
Effective strategic management involves
A. only top management. B. only top and middle management. C. only middle and lower management levels. D. only lower management level. E. managers from all parts of the organization.
When a clerk enters a sale and the customer can see the amount displayed and is given a cash receipt, this is an example of a preventive control
Indicate whether the statement is true or false
All of the following decisions fall within the scope of operations management EXCEPT for:
A) creating the company income statement. B) design of goods and services. C) location strategy. D) managing quality. E) human resources and job design.