Lorna deposited $1,500, at the BEGINNING of every six months for 12 years, in an account at her credit union. If the account paid 6% interest, compounded semiannually, use Table 12-1 from your text to find the future value of her account.
A. $50,549.75
B. $51,815.72
C. $51,930.92
D. $53,188.89
Answer: D
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Define organizational culture, and explain three layers in which it appears. Choose an organization with which you have some experience (for example, an employer, one of your schools, your church, a club) and use it to illustrate the layers of culture.
What will be an ideal response?
In a period of inflation, which of the following combinations of accounting methods will yield the lowest amount of current earnings?
a. LIFO and double-declining-balance method b. FIFO and straight-line method c. LIFO and straight-line method d. FIFO and double-declining-balance method
On May 18 of last year, Carter sells unlisted stock with a cost of $24,000 for $60,000. Carter collects $20,000 initially and is scheduled to receive $10,000 each year for four years starting this year plus an acceptable rate of interest. After receiving the first $10,000 scheduled installment payment, Carter is unable to collect any further payments. After incurring legal fees of $1,000, Carter recovers a portion of the stock valued at $26,000. As a result of the repossession, Carter must report
A. ordinary income of $13,000. B. ordinary income of $9,000. C. capital gain of $9,000. D. capital gain of $13,000.
Which of the following is not a key question to ask when buying a business?
a. Why is the business being sold? b. Is the building heated with gas or electricity? c. What is the condition of the inventory? d. How many of the employees will remain?