Consider the TVM equation: The greater the interest rate, other things remaining equal, the greater the present value
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: The SMALLER the interest rate, other things remaining equal, the greater the present value.
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Depreciation is
a. an effort to achieve proper matching of the cost of operating assets. b. an accumulation of funds to replace the related plant asset. c. the difference between the original cost and salvage value of an asset. d. the cash allocated each period to maintain a plant asset.
All intangibles are amortized over their useful lives or their legal lives, whichever is shorter
Indicate whether the statement is true or false
Which of the following is one of the core purposes of the Fed?
A. Regulating taxes B. Providing short term jobs C. Investing in critical public assets D. Influencing the size of the money supply
?Evaluation techniques that use some measurable quantity as the basis for assessing performance are referred to as
A. ?objective methods. B. ?subjective methods. C. ?performance appraisals. D. ?judgmental methods.