The time value of money can be applied to all of the following except
A) bond valuation.
B) stock valuation.
C) determining the current market value of your home.
D) determining the amount of taxes owed on income this year.
Answer: D
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Indicate whether the statement is true or false
A statistic that indicates the distribution's dispersion is called ________
A) measures of location B) measures of variability C) measures of association D) measures of relativity E) measures of difference
Answer the following statements true (T) or false (F)
1. Managerial accounting is used in manufacturing and merchandising companies, but not in service companies. 2. Managerial accounting can be used to calculate costs for service and merchandising companies. 3. Service companies do not have product costs, so they often consider all operating expenses as part of their cost of service. 4. A merchandiser does not need to calculate cost per unit because it resells goods that are already manufactured.
What is the term used to identify the individuals in a company who travel to call on customers in the field?
A) product sales force B) outside sales force C) inside sales force D) industry sales force E) customer sales force