The two methods of accounting for uncollectible accounts receivable are ________.
A) the direct write-off method and the liability method
B) the asset method and the sales method
C) the allowance method and the liability method
D) the allowance method and the direct write-off method
D) the allowance method and the direct write-off method
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If the mortgage-tilt problem does not exist in an economy, it implies that the _____ rate in the economy is zero percent.
A. inflation B. unemployment C. interest D. average tax
Answer the following statements true (T) or false (F)
1.Tina has a child age 10 and the two of them live with Tina’s boyfriend, Erik. Both Tina and Erik contribute to the family’s welfare. This is an example of a single-parent family. 2.How one family member behaves affects how every other family member behaves, both in and out of the family setting. 3.Because family members are interdependent, they constitute a system. 4.The principle of summativity tells us that the whole is greater than the sum of its parts. 5.Because they are made up of people, and people change as they age, families are continually dealing with change.
Project X's IRR is 19% and Project Y's IRR is 17%. The projects have the same risk and the same lives, and each has constant cash flows during each year of their lives. If the WACC is 10%, Project Y has a higher NPV than X. Given this information, which of the following statements is CORRECT?
A. The crossover rate must be less than 10%. B. The crossover rate must be greater than 10%. C. If the WACC is 8%, Project X will have the higher NPV. D. If the WACC is 18%, Project Y will have the higher NPV. E. Project X is larger in the sense that it has the higher initial cost.
Claims paid under the PAP's "Collision Coverage" are usually considered to be the insured's fault
Indicate whether the statement is true or false