A one-time investment of $1,500 at a 10 percent annual rate of return yields $2,196 in two years. The $2,196 is known as the
A) present value.
B) compound value.
C) principal plus interest.
D) future value.
E) annuity value
Answer: D
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A company with a current ratio of 2.4 times will see that ratio decrease when the company
A) pays a large current liability. B) declares a 10 percent stock dividend on its common stock. C) borrows cash by issuing a short-term note payable. D) converts a short-term liability to a long-term liability.
Costs that change with the level of production are referred to as ________
A) fixed costs B) variable costs C) target costs D) total costs E) overhead costs
Diego is scheduled to get an award for his performance at work but is nervous that this honor will separate him from the rest of his group. Diego apparently puts a high value on ______.
A. power distance B. masculinity C. collectivism D. uncertainty avoidance
Performance analysis
A. is most useful in situations where the iceberg principal is not likely to be a concern. B. indicates why problems have occurred and how to solve them. C. may be based on several different performance indexes. D. is based on qualitative factors-as contrasted with sales and cost analyses, which are based on quantitative data. E. All these answers are correct.