Lisa's opportunity cost rate is 10 percent compounded annually. How much must she deposit in an account today if she wants to receive $3,200 at the end of each of the next 12 years? Use the equation method to determine the amount to be deposited today.
A. $17,226
B. $14,868
C. $23,252
D. $18,725
E. $21,804
Answer: E
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A) the life of the natural resource B) the shorter of the tangible asset's life or the natural resource's life C) the life of the tangible asset D) the longer of the tangible asset's life or the natural resource's life
The allowance for uncollectible accounts is necessary because
a. a liability results when a credit sale is made. b. when recording uncollectible accounts expense, it is not possible to predict specifically which accounts will not be collected. c. management should know how many credit losses have been sustained over the years. d. uncollected accounts that are written off must be accumulated in a separate account.
A lawyer retired from a law firm and then volunteered to oversee a nonprofit’s legal records. The lawyer is performing the duties of a ______.
A. bookkeeper B. corporate clerk C. sergeant-at-arms D. corporate secretary
In S-H-O-C, a four-step communications approach, what does the "S" stand for?
A) strategic B) straight C) service D) standup