Researchers agree that screening questions should appear early, at least in the top third of question sequencing, so as not to waste anyone's time

Indicate whether the statement is true or false


FALSE

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Calculate answers to the following scenarios using present value tables: a. If $100 is deposited into an account paying 8 percent simple interest, what will be the value of the account in 5 years? b. If an accumulation of $8,000 is desired at the end of

4 years, what amount must be deposited now to accomplish that goal, assuming 12 percent interest compounded annually? c. What is the present value of $300 received at the end of each year for 4 years, assuming 9 percent interest compounded annually? d. What amount must be deposited at the bank today to grow to $10,000 in 5 years, assuming 14 percent interest compounded semiannually?

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A depreciable asset that is purchased on March 28 would be depreciated for nine months of the first year, if the fiscal year ends on December 31

Indicate whether the statement is true or false

Business

Which of the following expenses is most likely to be allocated to the remainderman of a trust if the trust agreement does not specify how the funds should be allocated?

a. Cash dividends b. Stock splits c. Rents d. Royalties

Business

In 2015, Moana purchased land for $99,500 for use in her business. She sold it in 2018 for $115,900. What is the gain on the sale before any netting?

A. $16,400 Section 1245 gain. B. $16,400 ordinary income. C. $16,400 Section 1231 gain. D. $16,400 Section 1250 gain.

Business