The expected rate of return from an investment is equal to the expected cash flows divided by the
initial investment.
Indicate whether the statement is true or false
TRUE
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The nature of firm strategy, structure, and rivalry is the final determinant of a nation's diamond. What does this statement refer to? How does domestic rivalry differ from foreign rivalry? Please explain in detail
What will be an ideal response?
Under the indirect method, a decrease in inventory is added to net income to determine cash flow from operating activities
a. True b. False Indicate whether the statement is true or false
After receiving a reward for information leading to the arrest of a notorious criminal, you are considering investing it in an annuity that pays $5,000 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
A. $50,753 B. $53,424 C. $56,236 D. $59,195 E. $62,311
The accounts receivable clerk destroys all invoices for sales made to members of her family and does not record the sale in the accounts receivable subsidiary ledger. Which procedure will not detect this fraud?
a. prenumber and sequence check all invoices b. reconcile the accounts receivable control to the accounts receivable subsidiary ledger c. prepare monthly customer statements d. reconcile total sales on account to the debits in the accounts receivable subsidiary ledger