Accounting principles make accrual accounting earnings closer to the firm's underlying economic performance in a given period than are _________________________
Fill in the blank(s) with correct word
cash flows
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On a CVP graph, the total variable cost line intersects the y-axis at zero
Indicate whether the statement is true or false
If a company receives $12,900 from its sole stockholder to establish a corporation, the effect on the accounting equation would be:
A. Assets increase $12,900 and liabilities decrease $12,900. B. Liabilities increase $12,900 and equity decreases $12,900. C. Assets decrease $12,900 and equity decreases $12,900. D. Assets increase $12,900 and liabilities increase $12,900. E. Assets increase $12,900 and equity increases $12,900.
The two broad categories of software are:
A. open source software and data software. B. embedded software and business software. C. server software and proprietary software. D. system software and application software.
A machine is expected to produce increases in cash operating costs of $200,000 for the next six years.FV of 1 (i = 14%, n = 6):2.195FV of a series of $1 cash flows (i = 14%, n = 6):8.536PV of $1 (i = 14%; n = 6):0.456PV of a series of $1 cash flows (i = 14%, n = 6):3.889If the company has a 14% after-tax hurdle rate and is subject to a 30% income tax rate, the correct discounted net cash flow would be:
A. $(544,460). B. $(777,800). C. $(233,340). D. $(1,011,140). E. None of the other answers is correct.