A strong record-keeping system allows you to
A) track expenses.
B) know exactly how much you're spending.
C) know where you're spending your financial resources.
D) all of the above.
Answer: D
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The exclusive right to sell a product within a certain geographic area is called a
a. leasehold. b. franchise. c. patent. d. copyright.
Art is a 21-year-old full-time student. Art's support is provided as follows: Art48% Art's parents52% ? Assuming all other tests for dependency not mentioned are satisfied, ?
A. Art is a qualifying child of his parents but is not a qualifying relative. B. Art is a qualifying relative of his parents but is not a qualifying child. C. Art is a qualifying child and a qualifying relative. D. Art is neither a qualifying child nor a qualifying relative.
Steve Coleman has just won the state lottery and has the following three payout options for after-tax prize money
1. $166,000 per year at the end of each of the next six years 2. $306,000 (lump sum) now 3. $518,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the second option. (Round to nearest whole dollar.) Present value of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 0.857 0.842 0.826 3 0.794 0.772 0.751 4 0.735 0.708 0.683 5 0.681 0.650 0.621 6 0.630 0.596 0.564 7 0.583 0.547 0.513 A) $684,000 B) $103,600 C) $414,400 D) $306,000
Which of the following statements is untrue regarding NAFTA and nontariff barriers?
A) Most nontariff barriers were to be eliminated within five years under NAFTA. B) NAFTA prohibits new export taxes on goods under any circumstances. C) Special rules allow each country to impose import restrictions to protect human, animal or plant life, or the environment. D) Customer user fees were to be eliminated by 1999.