Consider a one-year discount bond that pays $2,000 one year from now. If the annual rate of discount is 3 percent, calculate the present value of the bond.
What will be an ideal response?
P = $2,000/(1 + .03) = $1,941.75
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Micah and Kayla have a live Christmas tree in a pot in their home. This tree is real property.
Answer the following statement true (T) or false (F)
Taste of the Town, Inc. operates a gourmet sandwich shop. The company orders bread, cold cuts, and produce several times a week. If the cost of these items remains constant per customer served, the cost is said to be:
A. Variable B. Opportunity C. Fixed D. Mixed
Which of the following statements is not true?
a. Inductive and deductive methods can be used together. b. It is impossible to keep inductive research completely value-free. c. Inductive approaches to accounting theory usually attempt to be descriptive. d. Deductive research makes inferences about a population based on tests of data.
Binkers Inc. is a start-up that believes in hiring only the best talent. The company has about 100 highly efficient and motivated employees. Given this information, it can be said that Binkers most likely understands the importance of _____.
A. human capital B. benchmarking C. contingency planning D. job enlargement