Which of the following statements is true regarding the time value of money?
a. Compound interest will produce equal amounts of interest each period on a fixed deposit.
b. Earning simple interest is more beneficial than earning compound interest.
c. When making a purchase, it is better to make payment as soon as possible.
d. It is better to receive $1 now than a year from now.
D
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Mountain Dew is a brand known for sponsorships of adventure events such as snowboarding and skateboarding competitions. What is the most likely objective of Mountain Dew's sponsorship of these events?
A) to enhance corporate image B) to express commitment to the community or on social issues C) to entertain key clients or reward key employees D) to create perceptions of key brand image associations E) to become part of a personally relevant moment in consumers' lives
All decreases in stockholders' equity are a result of expenses
Indicate whether the statement is true or false
A law firm billed a client $1,800 for work performed in the current month. Which of the following general journal entries will the firm make to record this transaction?
A. Debit Cash, $1,800; credit Unearned Legal Fees Revenue, $1,800. B. Debit Legal Fees Revenue, $1,800; credit Accounts Receivable, $1,800. C. Debit Accounts Receivable, $1,800; credit Unearned Legal Fees Revenue, $1,800. D. Debit Accounts Receivable, $1,800; credit Legal Fees Revenue, $1,800. E. Debit Cash, $1,800; credit Accounts Receivable, $1,800.
The process costing system that computes equivalent units on beginning work in process inventory as well as work done in the current period is known as a _________________________________________________________________
Fill in the blank(s) with correct word