JG Asset Services is recommending that you invest $1,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?
A. $1,781.53
B. $1,870.61
C. $1,964.14
D. $2,062.34
E. $2,165.46
Answer: A
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The LIFO conformity rule:
A. Is only applicable to the automotive industry. B. Requires that all companies in the same industry use the same accounting methods of inventory valuation. C. Requires a company to use one method of inventory valuation exclusively. D. Requires when LIFO is used for tax reporting, it is also used for financial reporting. E. Is also called the taxation principle.
The fact that workers are unable to meet a properly determined direct labor standard is sufficient cause to change the standard
Indicate whether the statement is true or false
The relevant range for Maxco Industries is 10,000 to 16,000 units of product. The variable costs per unit are $6 when a company produces 12,000 units of product. What are the variable costs per unit when 14,000 units are produced?
A. $4.50. B. $6.00. C. $5.50. D. $5.00. E. None of the answers is correct.
Beane Inc., an entrepreneurial venture, does not have any distinctive services when compared with the well-established competitors in the same field, and the business will require a sizable investment. In which quadrant of the entrepreneurial strategy matrix will the venture be placed?
A. medium innovation/low risk B. low innovation/low risk C. high innovation/high risk D. low innovation/high risk E. high innovation/low risk