A liability account is increased by a debit
Indicate whether the statement is true or false
FALSE
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The future value of $7,000 deposited today and compounded semiannually at an 9% annual interest rate for four years is
A) $9,955. B) $9,520. C) $8,100. D) $7,920.
When a lot has been accepted by acceptance sampling, we know that:
A) it has more defects than existed before the sampling. B) it has had all its defects removed by 100% inspection. C) it will have the same defect percentage as the LTPD. D) it has no defects present. E) All of the above are false.
The intangibility element of a service refers to the fact that it
A. can't be held, seen, or touched before the purchase decision. B. can be objectively evaluated. C. requires the ability to provide the service even in times of no demand. D. has value that can only be determined by using subjective criteria. E. can maintain or accumulate good will with customers.
TimeEnough Inc. entered the low-priced digital watch market several years ago. This firm's earnings have been unsteady, but might be growing. According to the BCG growth matrix, TimeEnough is a
A. cash cow. B. dog. C. question mark. D. star.