Consider an investor who invests $600 per month (end-of-month) over thirty years in a mutual fund that earns 1% per month. What is the future value of her savings?
A) $2,096,978.48
B) $2,606,514.35
C) $2,159,806.22
D) $2,122,696.21
E) $2,545,722.36
A
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The correct term for the process of transferring amounts from a book of original entry to specific assets, liabilities, revenues, expenses, and stockholders' equity items is
a. Double-entry system b. Recording c. Credit d. Posting
Which one of the following is the last step in the accounting cycle?
A) Journalizing and posting accounting transactions B) Journalizing and posting adjusting entries C) Preparing a post-closing trial balance D) Preparing financial statements
Credit & Debt Corporation loans Evelyn $25,000 to start a new business. Evelyn does not pay, but Credit & Debt fails to sue within the time prescribed by the applicable statute of limitations. Evelyn promises to pay a portion of the debt even though recovery is barred. Credit & Debt can sue to recover
A. the entire debt. B. the amount promised. C. none of the debt. D. the amount of the consideration for Evelyn's later promise.
You are a salesperson for a pharmaceutical company, a job it was difficult to get. After you'd been there a while, there was another opening, and you recommended your friend, Paul. He was hired, and the two of you have enjoyed working together ever since. Recently, the secretary for the sales team has confided in you that Paul has been acting inappropriately, and most recently, cornered her in
the supply room, and pushed her up against the wall with his body, and caressed her with his hands. She does not know that you recommended Paul to the firm. Of the following choices, what should you do? a. tell her not to worry, that it will pass, because Paul is not normally like this b. tell her not to worry, that you'll talk to Paul, and tell him to stop it c. tell her to report Paul to Human Resources, and you'll tell them you saw it d. talk to Paul, and tell him that if he doesn't stop it immediately, and apologize, you will report him to Human Resources