You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded monthly. What is the future value in the account after seven years?
A) $14,055.44
B) $13,975.47
C) $13,641.02
D) $13,336.23
E) $14,726.68
A
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You have been asked to locate secondary data for your small organization's research needs. Which of the following is NOT a common source for this type of research?
A) the local chamber of commerce B) the U.S. Census Bureau C) competitors' Web sites D) online surveys E) the library
Output contracts serve the legitimate business purposes of assuring the seller of a purchaser for all its output
Indicate whether the statement is true or false
Which statement BEST describes report findings?
a. They appear before conclusions in a formal report. b. They are based on factsand opinions. c. Theyare identified by the heading "Findings.". d. They synthesize and interpret the collected data.
Mayweather reports net income of $337,500 for the year ended December 31. It also reports $110,600 depreciation expense and a $11,950 loss on the sale of equipment. Its comparative balance sheet reveals a $48,000 increase in accounts receivable, a $12,150 decrease in prepaid expenses, a $18,450 increase in accounts payable, a $15,100 decrease in wages payable, a $89,300 increase in equipment, and a $119,500 decrease in notes payable. Calculate the net increase in cash for the year.
A. $427,550. B. $308,050. C. $338,250. D. $230,700. E. $218,750.