If inflation averages 6 percent per year, what is the value of a dollar ten years from now?
A) 53 cents B) 56 cents C) 79 cents D) $1.79
B
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From 1970 to 2000, the U.S. dollar ____ against the Japanese yen and ____ against the German mark.
A. depreciated against both the Japanese yen and the German mark. B. appreciated against both the Japanese yen and the German mark. C. depreciated against the Japanese yen and appreciated against the German mark. D. appreciated against the Japanese yen and depreciated against the German mark.
Raul and Bianca are partners. Raul has a capital balance of $50,000 and Bianca has a capital balance of $37,000. Bianca sells half of her ownership interest to Bill for $20,500. Which of the following is TRUE of the journal entry to record this transaction?
A) Bianca, Capital is credited for $18,500 and Raul, Capital is debited for $18,500. B) Bill, Capital is credited for $20,500 and Raul, Capital is debited for $20,500. C) Bill, Capital is credited for $18,500 and Bianca, Capital is debited for $18,500. D) Bianca, Capital is credited for $20,500 and Raul, Capital is debited for $20,500.
Which of the following is a period cost for a manufacturing company?
A) office rent B) wages of factory janitor C) insurance cost of production equipment D) raw materials
A company's normal operating range, which excludes extremely high or low operating levels that are not likely to occur, is called the:
A. Margin of safety. B. Relevant range. C. Contribution range. D. Break-even point. E. High-low point.