Today is your 21st birthday and your bank account balance is $25,000. Your account is earning
6.5% interest compounded quarterly. How much will be in the account on your 50th birthday?
A) $164,631 B) $163,832 C) $159,795 D) $162,183
D
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Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This YearLast YearUnits Sold 250,000 200,000Sales$1,250,000 $1,000,000Cost of goods sold 875,000 700,000Gross margin 375,000 300,000Selling and administrative expenses 222,000 210,000Net operating income$153,000 $90,000What is the company's contribution margin for this year? (Round your intermediate calculations to 2 decimal places.)
A. $213,000 B. $315,000 C. $(667,500) D. $375,000
All other things the same, when a customer purchases an item for cash, the accounts receivable turnover ratio increases.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. The hiring process has gotten faster in recent years. 2. The majority of background checks turn up some form of adverse information about applicants. 3. The primary purpose of the onboarding process is making sure new hires are well aware of all company policies and procedures. 4. Training is the process of teaching employees the skills necessary to perform a job. 5. Microlearning refers to learning the intricate details of a job.
Using the Direct Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the direct method. When using the direct method, where is the collection of cash from customers shown on the statement of cash flows?
A) Operating activity B) Investing activity C) Financing activity D) Noncash investing and financing activity