If you place $50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to the nearest dollar)?
A) $72
B) $70
C) $71
D) $57
Answer: C
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A routine collection on a customer's account was recorded and posted as a debit to Cash and a credit to Sales Revenue. The journal entry to correct this error would be
a. a debit to Sales Revenue and a credit to Accounts Receivable. b. a debit to Sales Revenue and a credit to Unearned Revenue. c. a debit to Cash and a credit to Accounts Receivable. d. a debit to Accounts Receivable and a credit to Sales Revenue.
Stated value stock is no-par stock that is assigned a "stated" value per share.
Answer the following statement true (T) or false (F)
Your employer asked you to compose a message to be sent to all job applicants who were not selected for sales representative position. You should
a. tell the applicant at the beginning that another candidate was chosen. b. ask the applicant to consider why he or she was not selected. c. place the "not selected" message in the dependent clause of a complex sentence describing the stiff competition for this job. d. imply that someone else has been selected for the position, thus avoiding the uncomfortable job of rejecting someone.
According to IDEO’s brainstorming rules, how many ideas should be generated in a successful brainstorming session?
a. a minimum of 10 great ideas b. up to 100 ideas in a period of 60 minutes c. up to 10 ideas in a period of 60 minutes d. between 5 and 10 ideas