If the interest rate is positive, then the present value of an annuity due will be less than the present
value of an ordinary annuity.
Indicate whether the statement is true or false
FALSE
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Compute the current ratio for 2018. (Round answer to two decimal places.)
The financial statements for Barrington Service Company include the following items:
A) 1.15
B) 0.87
C) 3.83
D) 6.48
Which statement pertains to parallel translation?
A) If the translator is not fluent in both languages and not familiar with both cultures, direct translation of certain words and phrases may be erroneous. B) A committee of translators, each of whom is fluent in at least two of the languages in which the questionnaire will be administered, discusses alternative versions of the questionnaire and makes modifications until consensus is reached. C) The questionnaire is translated from the base language by a bilingual speaker whose native language is the language into which the questionnaire is being translated. D) Repeat translations and back translations may be necessary to develop equivalent questionnaires, and this process can be cumbersome and time consuming.
The Revised Model Business Corporation ACT (RMBCA) provides that corporate existence begins when the articles of incorporation are filed
Indicate whether the statement is true or false
One type of commercial property insurance excludes perils that are covered by the basic coverages. Some businesses buy this coverage to fill coverage gaps, including flood and earthquake, and to cover property in other countries
This type of insurance is called A) protection and indemnity insurance. B) building and personal property coverage form. C) difference in conditions insurance. D) builders risk coverage form.