A long-term bond's price is less affected by interest rate movements than a short-term bond's price
Indicate whether the statement is true or false
FALSE
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Carver Corporation uses the FIFO method in its process costing system. The Assembly Department started the month with 2,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. An additional 66,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 9,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units of production for conversion costs in the Assembly Department for the month?
A. 59,000 B. 63,500 C. 73,000 D. 62,300
A company purchased new furniture at a cost of $16,000 on January 1. The furniture is estimated to have a useful life of 6 years and a $1,000 salvage value. The company uses the straight-line method of depreciation. What is the book value of the furniture on December 31 of the first year?
A. $13,500 B. $13,333 C. $15,000 D. $16,000 E. $2,500
There are over 316 million people living in the United States.
Answer the following statement true (T) or false (F)
Everything else being equal, the higher the discount rate, the higher the present value
Indicate whether the statement is true or false