Mark is planning on making an investment in a new computer system. He wants to know how much he must invest to have $9,000 in 4 years if the interest rate is 5% per year?
A. $10,939.59
B. $2,479.41
C. $7,826.83
D. $7,404.30
Answer: D
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The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents$10,019?Accounts receivable 78,422?Merchandise inventories 68,362?Prepaid expenses 5700?Accounts payable$16,550?Notes payable 94,638?Other current liabilities 11,100?If net sales for the current year were $603,500, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
A. 159.4 days B. 79.7 days C. 41.3 days D. 47.4 days E. 69.5 days
The pricing method that establishes selling prices based on a specified rate of return on the assets employed in the operation is
a. target cost pricing. b. return on assets pricing. c. time and materials pricing. d. gross margin pricing.
Answer the following statement(s) true (T) or false (F)
1. Both CPAs and CMAs can conduct audits of a corporation. 2. Public accountants are responsible for collecting the financial data that is processed by the accounting system. 3. Private accounting includes management accounting, government accounting, and academia. 4. The primary purpose of accounting is to communicate the results of business transactions. 5. Accounting transactions are recorded chronologically in a general ledger.
Which of the following should be done during the establishing rapport step of the networking interview process?
A. Clearly state the purpose of the meeting B. Keep the contact informed about one's job search C. Deliver the one-minute self-sell D. Ask for additional contacts