Use Table 12-2 from your text to calculate the present value of the annuity due, rounding to the nearest cent:
Annuity
Payment
Time
Nominal
Interest
Present Value
Payments
Frequency
Period
Rate
Compounded
of the Annuity
$1,500
every 6 months
14%
semiannually
__________
What will be an ideal response?
$8,649.81
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Sam was in an accident as a child and received a blood transfusion, which influences his persuasive speech on blood donation. Sam’s topic was influenced by his
a. background. b. worldview. c. culture. d. field of experience.
The random variable x is the number of occurrences of an event over an interval of ten minutes. It can be assumed that the probability of an occurrence is the same in any two time periods of an equal length. It is known that the mean number of occurrences in ten minutes is 5.3. The probability that there are 8 occurrences in ten minutes is
A. .0241. B. .0771. C. .1126. D. .9107.
Indirect costs can be specifically identified to a cost object
Indicate whether the statement is true or false
Simmon Incorporation's cost of goods purchased amounted to $20,000. From the beginning until the end of 2011, accounts payable increased by a net amount of $7,000. How much "cash outflows for purchases" should Simmons report for 2011 on their statement of cash flows?
A) $ 7,000 B) $13,000 C) $20,000 D) $27,000