A firm plans to make investments of $5,000 for the next 10 years, paying the amount at the end of each year. This form of cash flow pattern represents a(n) _____.
A. lump-sum payment
B. uneven cash flow stream
C. annuity due
D. ordinary annuity
E. immediate annuity
Answer: D
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Which of the following is the most likely description of the modern catalog customer?
A) someone who has little or no access to retail stores B) someone who has little or no access to Internet technologies C) someone who wants to save time shopping D) someone who shops only for sales bargains E) someone who does not accept telemarketing calls
Explain the guidelines you need to follow after a presentation
IRCA applies to employers of ________ employees
Fill in the blanks with correct word
Manhattan Company recorded an adjusting entry to accrue interest owed of $300 as of December 31, Year 1. When the related note was paid during Year 2, the company paid $450 in interest. Which of the following journal entries correctly records this Year 2 transaction? (Assume that the entry to record the payment of the note itself was recorded in a separate journal entry.)
A.
| Interest Expense | 450 | |
| Cash | 450 |
B.
| Interest Expense | 150 | |
| Cash | 150 |
C.
| Interest Expense | 450 | |
| Cash | 300 | |
| Interest Payable | 150 |
D.
| Interest Expense | 150 | |
| Interest Payable | 300 | |
| Cash | 450 |