An investor invested in a 10-year bond that makes a $50 coupon payment at the end of every six-month period until the bond matures. These coupon payments received by the investor can be referred to as a(an) _____.?
A. ?perpetuity
B. ?ordinary annuity
C. annuity due
D. ?compounded annuity
E. ?discounted annuity
Answer: B
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Team goal setting has goals that are established by:
a. the leader b. the team c. the individuals d. the organization
When closing entries are made:
A. All asset accounts are closed but liability accounts are not closed. B. All balance sheet accounts are closed. C. All permanent accounts are closed but temporary accounts are not closed. D. All temporary accounts are closed but permanent accounts are not closed. E. All ledger accounts are closed to start the new accounting period.
Identify which of the following statements is false.
A) Life insurance can help provide liquidity for paying estate taxes. B) Life insurance has the potential for large appreciation. C) The insured does not have to be the owner of the policy. D) Life insurance is always part of the estate of the insured.
A company should use process costing, rather than job costing, if:
A. production is only partially completed during the accounting period. B. the product is manufactured in batches only as orders are received. C. the product goes through several steps of production. D. the product is composed of mass-produced homogeneous units.