Assume one bank offers you a nominal annual interest rate of 6.00% compounded daily while another bank offers you continuous compounding at a 5.90% nominal annual rate. You decide to deposit $1,050 with each bank. Exactly two years later you withdraw your funds from both banks. What is the difference in your withdrawal amounts between the two banks? Assume 365 days in a year. Do not round your intermediate calculations.
A. $1.77
B. $2.24
C. $2.35
D. $2.71
E. $2.94
Answer: C
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When merchandise is returned to the supplier, the following account is credited:
a. under the periodic system, sales returns and allowances; under the perpetual system, cost of goods sold. b. under the periodic system, merchandise inventory; under the perpetual system, purchases returns and allowances. c. under the periodic system, purchases returns and allowances; under the perpetual system, merchandise inventory. d. under the periodic system, cost of goods sold; under the perpetual system, merchandise inventory. e. under the periodic system, purchases returns and allowances; under the perpetual system, cost of goods sold.
Current assets total $100,000 and current liabilities total $40,000 . The current ratio is:
a. 4:1. b. 1:4. c. 2.5:1. d. 10:1. e. none of the above.
A quid pro quo relates to which category of ethical dilemma?
a. Hiding or divulging information b. Personal decadence c. Conflict of interest d. False impressions
Adhering strictly to job descriptions and performing only the listed duties is one of the governing principles that describe customer-supplier relationships under total quality
a. True b. False Indicate whether the statement is true or false