When calculating the present value of either a future single sum or a future annuity, the applicable interest rate is usually called the
A) yield to maturity.
B) compound interest rate.
C) internal rate of return.
D) discount rate.
Answer: D
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Sparkle Spin, a national appliance brand, recruited 15 people as brand managers. They all took a test as part of the recruitment process. Three months after the recruitment, their test scores were analyzed along with their performance on the job to find a substantial correlation between the two factors. Which method of research is exemplified in this scenario?
A. construct validation B. concurrent validation C. content validation D. diagnostic validation E. predictive validation
Hindu law is primarily concerned with ________
A) maintaining national security B) preserving the authority of the state over agricultural land C) family matters and property succession D) ensuring that citizens obey the Shari'a
Marathon, Inc. showed Salaries and Wages Expense of $244,000 on its income statement. If the Salaries and Wages Payable account was $27,000 at the beginning of the year and $18,500 at the end of the year, how much cash was paid to employees?
A. $225,500 B. $217,000 C. $235,500 D. $252,500
Osgood Company provided the following income statement for Year 1 and Year 2: Year 2 Year 1Sales$220,000 $160,000 Cost of goods sold 156,000 105,000 Gross margin 64,000 55,000 Less operating expenses: Selling and administrative expenses 26,000 15,000 Interest expense 2,000 3,000 Income before tax 36,000 37,000 Income tax expense 10,800 11,100 Net income$25,200 $25,900 Required:(a) Perform vertical analysis on Osgood's income statements for Year 1 and Year 2. Round your answer to one decimal place (i.e., 22.4%).(b) Comment on the results, comparing Year 1 to Year 2.
What will be an ideal response?