The present value of $100 received at the end of year 1, $200 received at the end of year 2, and $300 received at the end of year 3, assuming an opportunity cost of 13 percent, is ________
A) $ 453
B) $ 416
C) $1,181
D) $ 500
A
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Cushion Sports accepted a credit card account receivable in exchange for $5,000 of services provided to a customer. The credit card company charges a 5% service charge. Recording the transaction in the company's accounting records will have what effect on the accounting equation?
a. Increase assets and equity by $4,750 b. Decrease assets and equity by $250 c. Increase assets by $5,000 d. Increase equity by $5,000
Max is a leader of a creative team at Ads-R-Us. Even though he has a creative team for making advertisements, he understands that great ideas can come from anywhere. He makes a point to let employees from other parts of the company know that their ideas are welcome. Max uses which flow of communication direction?
A. lateral B. horizontal C. downward D. upward
Which of the following statements is true of misstatements or omissions of material facts in the information furnished by accountants for registration statements?
A. An accountant is not liable to a purchaser of securities issued pursuant to a defective registration statement. B. A purchaser can recover even if the accountant can demonstrate that the purchaser was aware of the misstatements or omissions in the registration statement before buying the securities. C. An accountant's duty is to have a reasonable belief in the accuracy of the figures at the time the registration statement becomes effective. D. A purchaser cannot recover if he has not read the registration statement containing the material misstatements or omissions.
The amount of the outstanding checks is included on the bank reconciliation as a(n)
A) deduction from the balance per company's records B) addition to the balance per bank statement C) deduction from the balance per bank statement D) addition to the balance per company's records