The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. The closer we are to the end of the loan's life, the greater the percentage of the payment that will be a repayment of principal.
Answer the following statement true (T) or false (F)
True
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Finalized budget figures are sent to the GL/BR process by:
a. the financial reporting officer b. the budgeting department c. the treasurer d. the managerial reporting officer
On January 1 . 2011, Caravanos Company purchased for $320,000 a machine with a useful life of ten years and no salvage value. The machine was depreciated by the double-declining-balance method, and the carrying amount of the machine was $204,800 on December 31 . 2012 . Caravanos changed to the straight-line method on January 1 . 2013 . Caravanos can justify the change. What should be the
depreciation expense on this machine for the year ended December 31 . 2014? a. $20,480 b. 25,600 c. 32,000 d. 52,480
Helena Corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. If the market price of the stock had been $25 a share before the split, the par value, number of shares, and approximate market value after the split would be: ParValueNo. of SharesMarketValueA.$6.00 16,000 $12.50 B.$6.00 8,000 $25.50 C.$3.00 16,000 $12.50 D.$3.00 16,000 $25.00
A. Choice A B. Choice B C. Choice C D. Choice D
Consider the following results for two samples randomly taken from two populations. Sample A Sample B Sample Size31 35 Sample Mean106 102 Sample Standard Deviation8 7 ? a.Determine the degrees of freedom for the t distribution.b.Develop a 95% confidence interval for the difference between the two population means.
What will be an ideal response?