A never-ending stream of equal periodic, end-of-the-period cash flows is called a/an ________
A) annuity
B) annuity due
C) perpetuity
D) amortization
Answer: C
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Wilma locked herself in the trunk of a 1973 sedan in an attempt to learn a magic trick. After some time, she decided to get out of the trunk, but was unable to do so. She was released nine days later. She subsequently sued the manufacturer of the sedan for the psychological and physical injuries she sustained because the trunk did not have an internal release or opening mechanism that would have allowed her to escape. She alleged that the manufacturer was negligent in its design of the car because it lacked such a mechanism, and negligent because it failed to warn users that the trunk did not have such a mechanism. In this scenario, was the manufacturer of the sedan negligent for failing to warn, or failing to include a release mechanism in its design of the car?
What will be an ideal response?
What is the impact on the cash flow statement from an increase in short-term notes receivable, assuming the indirect method is used?
a. A decrease in the cash flow from operating activities b. An increase in the cash flow from operating activities c. An increase in the cash flow from financing activities d. An increase in the cash flow from investing activities
Return on assets pricing is based on the estimated number of units to be sold
Indicate whether the statement is true or false
Nonprofit organizations have a competitive advantage over for-profit organizations securing government contracts because ______.
A. government officials trust nonprofits more than for-profits B. public officials perceive for-profit organizations provide poorer services C. government officials no longer perceive for-profit organizations as creditworthy D. nonprofits are distancing themselves from relationships with for-profit organizations