Steve just computed the present value of a $10,000 bonus he will receive in the future. The interest rate he used in this process is referred to as which one of the following?
A. current yield
B. effective rate
C. compound rate
D. simple rate
E. discount rate
Ans: E. discount rate
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If not enough partnership cash or other assets are available to pay the withdrawing partner, a liability may be created for the amount owed the withdrawing partner
a. True b. False Indicate whether the statement is true or false
Cash was paid by Ari's Alarm Service to creditors on account. Which of the following entries for Ari's Alarm Service records this transaction?
A) Cash, debit; Ari Fleish, Capital, credit B) Accounts Payable, debit; Cash, credit C) Accounts Receivable, debit; Cash, credit D) Accounts Payable, debit; Account Receivable, credit
Two techniques for effectively presenting a negative idea are
a. use passive voice and place the bad news in a dependent clause rather than the main clause. b. use active voice and place the bad news in a separate sentence. c. use non-specific words and place the bad news at the beginning of the message. d. use concrete words and place the bad news at the end of the message.
Oklahoma Telephone Company has been forced by competition to put much more emphasis on planning and controlling its costs. Accordingly, the company's controller has suggested initiating a formal budgeting process. Which of the following steps will not help the company gain maximum acceptance by employees of the proposed budgeting system? (CMA adapted)
A. Ensuring that favorable deviations of actual results from the budget, as well as unfavorable deviations, are discussed with the responsible managers. B. Demonstrating top management support for the budgeting program. C. Implementing the change quickly. D. Including in departmental responsibility reports only those items that are under the department manager's control.