Before looking at cars, what should you do that is based on your budget?

A) Develop an emergency fund
B) Determine what you can afford
C) Fudge the numbers
D) Find money where ever you can
E) Take out a loan


B) Determine what you can afford

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Under the equity method, the receipt of cash dividends on an investment in common stock of Vallerio Corporation is accounted for as a debit to Cash and a credit to

a. Investment in Vallerio b. Retained Earnings c. Dividend Revenue d. Dividend Receivables

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Consider a three-year fixed-payment security that has a present value of $1,000. If the annual rate of discount is 7 percent, the payment made at the end of each year is

A. $70.00. B. $107.00. C. $142.86. D. $381.05.

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In selecting a sample for attribute testing, block sampling involves which of the following approaches?

a. Each item in the population having an equal chance of selection. b. Every nth item being selected after a random start. c. An arbitrary selection with no conscious bias. d. Selecting all items on a day or week.

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Which statement about data sources does NOT contain sound advice?

a. Acknowledging sources increases your credibility as a researcher and writer. b. As a reviewer of a report draft, verify the accuracy of source acknowledgments. c. When you contribute to a team's report, the team leader checks the accuracy of your source notes. d. When you take copyrighted information from a Web site, acknowledge that fact in the report.

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