?Which of the following statements is true of a perpetuity?
A. ?A perpetuity has a fixed maturity.
B. ?The present value of each payment made by a perpetuity is less than the previous payment.
C. ?The present value of a perpetuity that pays $100 every year when the annual rate of discount is 5% is $1,000.
D. ??The present value of a perpetuity that pays $200 every year when the annual rate of discount is 7% is $1,750.
Answer: B
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Walker Company uses the accrual basis of accounting. Walker Company's wages expense account had a $610,000 balance at the end of the year. The wages payable account had a $23,000 balance at the beginning of the year and a $45,000 balance at the end of the year. How much cash was paid for wages during the year?
A) $588,000 B) $610,000 C) $632,000 D) $555,000
When projecting ____________________, the analyst should consider economy-wide factors such as the expected rate of general price inflation in the economy
Fill in the blank(s) with correct word
WPM, Inc. has current assets of $8,000,000, current liabilities of $4,000,000, inventory of $1,320,000,
and sales of $12,000,000. What is the acid test ratio? A) 0.1 B) 1.67 C) 0.22 D) 2.0
In the absence of agreement, payment is due at the time and place the buyer is to receive the goods, even though the place of shipment is the place of delivery
Indicate whether the statement is true or false