All of the following are advantages of real-time processing of sales except
a. The cash cycle is shortened
b. Paper work is reduced
c. Incorrect data entry is difficult to detect
d. Up-to-date information can provide a competitive advantage in the marketplace
C
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Using the future value table, a student found that the future value amount of $1 for 5 years at an annual interest rate of 10% is 1.611 . The student also observed that the future value of $1 for 5 years at 10% compounded semiannually is 1.629 . This means that
a. the more often the compounding, the higher the future value. b. the student was looking in the wrong column; the second amount should be 1.611/2. c. there was an error in the table. d. when interest is compounded semiannually, more money must be deposited to have a desired ending balance.
What advantage does virtuality offer over face-to-face communication?
a. real-time interaction b. no geographic barriers c. more physical reality d. increased popularity
Danville Corporation bought a new machine and agreed to pay for it in equal annual installments of $6,000 at the end of each of the next five years. Assume the prevailing interest rate for this type of transaction is 12%. Assume the present value of an ordinary annuity of $1 at 12% for five periods is 3.60 . The future amount of an ordinary annuity of $1 at 12% for five periods is 6.35 . The
present value of $1 at 12% is 0.567 . How much should Danville record as the note payable on the balance sheet if financial statements were prepared today? a. $17,010 b. $21,600 c. $30,000 d. $38,100
Which phase of appreciative inquiry “entails identifying the best of what has been and what is?”
a. Discovery b. Dream c. Design d. Destiny