How does the Rule of 72 calculation work?
A) Subtract the interest rate from 72.
B) Divide 72 by the interest rate.
C) Multiply the interest rate by 72.
D) Add the interest rate to 72.
B
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Douglas pays Selena $39,000 for her 30% interest in a partnership with total net assets of $105,000. Following this transaction, Selena's capital account should have a credit balance of
A) $31,500 B) $39,000 C) $35,250 D) more than $39,000
Every adjusting entry affects an income statement account and a balance sheet account
Indicate whether the statement is true or false
Elizabeth worked as a salesperson in a carpet store. She was in the midst of divorce proceedings and needed some money. Elizabeth sold her wedding ring. Elizabeth is considered a merchant with regard to the sale of the ring
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT an overarching objective to OD interventions addressing intergroup conflict?
a. demonstrate dissatisfaction among teams affected b. encourage the development of a shared identity and purpose c. improve cooperative processes d. breaking down barriers between teams