A lottery winner will receive $6 million at the end of each of the next twelve years. What is the future value (FV) of her winnings at the time of her final payment, given that the interest rate is 8.6% per year?
A) $94.40 million
B) $118.00 million
C) $165.20 million
D) $188.80 million
Answer: B
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Which of the following statements is TRUE of the direct write-off method?
A) GAAP requires public companies to follow the direct write-off method. B) It provides better matching of revenues with expenses. C) It results in more accurate net income than any other method. D) It is only suitable for small companies that have very few uncollectible receivables.
Variable costing is utilized to evaluate the performance of
A) investment centers. B) revenue centers. C) cost centers. D) profit centers.
In 2011, an earthquake and subsequent tsunami shut down the Fukushima Dai-ichi nuclear power plant in Fukushima, Japan, for months. This is an example of ______.
a. an unforeseen event that can disrupt operational and supply chain activities b. the success of contingency planning c. the quick response by the Japanese government in rescue operations d. the need for ISO intervention
In general, indirect costs are allocated, while direct costs are assigned.
Answer the following statement true (T) or false (F)