The interest on $6,000 at 6% compounded semiannually for eight years is (use table in the handbook):
A. $13,628.20
B. $3,682.02
C. $362.82
D. $3,628.20
E. None of these
Answer: D
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According to Jean Baptiste Say, the entrepreneur and owner were always one in the same
a. True b. False
Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) Belvedere Company recognized $2,500 of depreciation expense on a delivery van.AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?
Jim is an appliance salesperson. To make a sale, he asserts that a certain model of a Kitchen Helper refrigerator is the "best one ever made.". This is
a. fraud if the statement is the truth. b. fraud if Jim believes that this statement is not true. c. fraud if Jim is stating his opinion, not the facts. d. not fraud.
Green Corp.'s preferred stock is selling for $20.83. If the company pays $2.50 annual dividends, what is the expected rate of return on its stock?
A) 8.33% B) 12.00% C) 2.50% D) 20.00%