Merlin is saving money to purchase a new car. If he deposits $5,000 into a saving account that pays 8% interest, compounded semi-annually, how much will he have in his account at the end of the first year?
A. $5,400.00
B. $5,200.00
C. $5,408.00
D. $5,008.00
Answer: C
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Which one of the following groups is considered an internal user of financial statements?
a. A bank reviewing a loan application from a corporation. b. The labor union representing employees of a company that is involved in labor negotiations c. The financial analysts for a brokerage firm who are preparing recommendations for the firm's brokers on companies in a certain industry, d. Factory managers that supervise production line workers.
During the conversion of glucose into a free form of energy only some of the energy is converted into usable ATP. What happens to the rest of the energy?
A. The energy is converted into more glucose. B. The energy is converted to CO2. C. The energy is converted to heat. D. The energy is released in H2O.
What is the primary benefit of effective internal control in an organization?
a. Achievement of certain organizational goals. b. Completion of a successful audit for the entity. c. Shareholder involvement in the company's success. d. Obtaining profitability and financial strength.
The Fed establishes:
a. fiscal policy b. inflation rates c. corporate bond policy d. monetary policy e. U.S. Treasury policy