A short-term investment in a U.S. Treasury bill costs $24,400 and will mature six months later at $25,000 . Management intends to hold the investment until it matures. The entry to record the initial investment is:
a. Short – Term Investments 25,000
Cash 25,000
b. Cash 24,400
Short – Term Investments 24,400
c. Short – Term Investments 24,400
Cash 24,400
d. Cash 25,000
Short – Term Investments 24,400
Interest Income 600
C
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The primary function of an actuary is to
A) adjust claims. B) determine premium rates. C) negotiate reinsurance treaties. D) invest insurance company assets.
Which of the following statements about publicity is true?
A. Publicity always originates within a firm and is paid for by the firm. B. Publicity is designed to provide only positive information about a firm. C. Public relations is, in reality, a subset of the publicity effort. D. Publicity is used to generate news about a person, and not a product or service. E. Publicity is typically a short-term strategy.
Almendarez Corporation is considering the purchase of a machine that would cost $320,000 and would last for 7 years. At the end of 7 years, the machine would have a salvage value of $51,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $72,000. The company requires a minimum pretax return of 18% on all investment projects. (Ignore income taxes.)See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.The net present value of the proposed project is closest to:
A. $5,464 B. $(45,536) C. $(94,042) D. $(29,522)
If you are testing to see if a weight loss program is working, and you subtract the weights after - before for a group of 10 people, the alternative hypothesis is that the mean difference is ____________________ 0
Fill in the blank(s) with correct word