An investment today of $8,424 at 6% will yield total payments of $10,000 over five years. The reason for this increase is that the interest is being earned on principal that is left invested each year
Indicate whether the statement is true or false
TRUE .PV = Payment x PVA factor (i = 6%, n = 5 )
= $2,000 x 4.212
= $8,424
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On October 1, 2012, Zane Corporation paid $18,000 rent in advance. The rent per month is $1,500. If Zane's accounting period ends on December 31, 2012, what will be reported on the financial statements?
A) Prepaid Rent of $13,500 on its balance sheet at December 31, 2012 B) Prepaid Rent of $18,000 on its balance sheet at December 31, 2012 C) Rent Expense of $18,000 on its 2012 income statement D) Rent Revenue of $13,500 on its 2012 income statement
A company rents a building with a total of 50,000 square feet, which are evenly divided between two floors. The company allocates the rent for space on the first floor at twice the rate of space on the second floor. The total monthly rent for the building is $30,000. How much of the monthly rental expense should be allocated to a department that occupies 10,000 square feet on the second floor?
A. $2,000. B. $8,000. C. $3,000. D. $4,000. E. $5,000.
_______ in customer service refers to making the product or service available when and where the customer wants it.
a. Comfort b. Delivery c. Convenience d. Time
Which of the following statements is generally NOT true?
A) A firm should attempt to match the nature of a project with the duration of the financing it needs. B) Short-term debt usually carries lower interest rates than long-term debt with comparable default risk. C) Issuing variable rate debt increases financial uncertainty relative to issuing fixed-rate debt. D) All of the above statements are true.