Which of the following steps is part of an Excel function that can be used to generate a random number between 0 and 1?
A. RAND()
B. RANDbetween()
C. RANDOM()
D. RD()
A. RAND()
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One of the major advantages of magazines is the ability to advertise to specific target markets
Indicate whether the statement is true or false
The following information is available for Hatter Co. ?201720162015Net income2,5001,7001,900Net sales37,00035,00032,000Total assets420,000395,000375,000From the information provided, calculate Hatter's profit margin ratio for each of the three years. In 2016, economic conditions and a slowing economy impacted the results of operations. Comment on the results, assuming that the industry average for the profit margin ratio is 7% for each of the three years.
What will be an ideal response?
The future value of a cash flow is always larger than the present value of that cash flow
Indicate whether the statement is true or false
Which of the following is not true regarding the accounting for defined contribution plans?
a. When pension assets equal pension liabilities and the expected rate of return on pension investments equals the discount rate used to compute the projected benefit obligation, the amounts offset each other. b. When the interest cost exceeds the expected return on pension investments, either employer contributions or future earnings on pension plan investments must make up the difference. c. Computing pension expense (or credit) using the expected return (not the actual return) rests on the view that pension plans should take a long-term perspective and generate earnings from investments based on a long-term expected rate of return. d. Annual deviations from the long-term expected rate of return should flow through to net income as they occur. e. Recognizing service cost as an increase in the pension expense parallels inclusion of wage and salary costs as an expense.