Answer the following statements true (T) or false (F)
1) The fact that invested cash earns interest over time is called the time value of money.
2) The accounting rate of return is calculated by dividing the average annual operating income by the average amount invested.
3) An annuity is a stream of equal cash payments made at equal time intervals.
4) All else being equal, the shorter the investment period, the higher the total amount of interest earned.
5) Compound interest means that interest is calculated only on the principal amount.
1) TRUE
2) TRUE
3) TRUE
4) FALSE
5) FALSE
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Computer inventory systems are often programmed to produce a cycle count notice in which of the following case?
A. When the item has been misplaced in the stockroom B. When quality problems have been discovered with the item C. When the record shows a near maximum balance on hand D. When the record shows positive balance but a backorder was written E. When the item has become obsolete
Which of the following is NOT a key provision of the Patient Protection and Affordable Care Act?
A. Workers cannot be denied coverage. B. Large employers must offer coverage to full-time workers. C. A worker can be denied coverage for a preexisting condition. D. Young adults can stay on their parents' plans until age 26.
An accountant has no liability to parties other than the client
a. True b. False Indicate whether the statement is true or false
Client interest in a project is highest during the termination and conceptual phases
Indicate whether the statement is true or false