You win the grand prize and can choose between receiving $100,000 today or $20,000 per year for seven years. Ignoring income taxes, how would you go about making your decision?
The present value of the $20,000 annuity must be calculated and the results compared with the $100,000 receivable today. The higher figure will dictate the decision. Choosing an appropriate interest rate to use in the present value computation is critical. An interest rate of 10 percent or more makes the first option more desirable.
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A copyright is an example of which general category of intangible asset that should be recognized separately according to current generally accepted accounting principles?
a. Marketing-related b. Customer-related c. Artistic-related d. Contract-based
Which term below is not one of the types of individual-level performance-based pay?
a. Merit pay b. Piece rate c. Bonus d. Benefit
Professional behavior is comprised of six dimensions, including courtesy and respect, appearance and appeal, tolerance and tact, honesty and ethics, reliability and diligence, and A) soft and hard skills
B) self-actualization and self-control. C) sharing and collegiality. D) education and training.
All of the following are considered to be instrumentalities of transportation and communication for purposes of inland marine insurance EXCEPT
A) trains. B) tunnels. C) transmission lines. D) television towers.