Amortized discount is computed annually when a bond is issued for other than its face value. For a bond issued at a discount, how will this component change as the bond approaches maturity?
a. decrease
b. increase
c. remain constant
d. not enough information given to decide
b
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The equity reporting for a limited liability company is similar to that of a partnership but the changes in capital are shown on a statement of members' equity
a. True b. False Indicate whether the statement is true or false
Saul is a fisherman in his small village. Skyler, his wife, was tired of him missing dinner. She decided to display a red light on her front porch of the little house by the sea to alert him when dinner was ready. Every time he saw the red light, he felt hungry, and he immediately went home. This is an example of ______.
A. an unconditioned stimulus because he just knew when it was time for dinner B. a neutral stimulus because the red light did not elicit a response C. a conditioned response to the red light because he was reinforced for coming home D. a conditioned response to the red light, such as feeling hunger pangs or salivating
Decentralization is:
a. an advantage of budgeting. b. the practice of delegating authority to lower level managers. c. the practice of allowing lower-level managers to participate in the budget. d. a practice not recommended. e. All of the answers are correct.
The ________ method of capital budgeting is a ratio of the present value of cash inflows divided by the initial investment
A) payback period B) net present value C) internal rate of return D) profitability index