A(n) ________ can be a front line of defense against a poor idea.
A. goal
B. mission
C. objective
D. business plan
Answer: D
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Which of the following is a question an analyst would ask when assessing the quality of a firm's financial statements?
a. Are the company's products designed to meet a specific market segment? b. Has the firm integrated forward into retailing to final consumers? c. Is the firm diversified across several geographical markets? d. Do earnings include nonrecurring gains or losses?
Prepare adjusting entries for the year ended December 31, for each of these separate situations. Assume that prepaid expenses are initially recorded in asset accounts and that fees collected in advance are initially recorded as liabilities.a. The Prepaid Rent account has a debit balance of $8,000 before adjustment, representing a prepayment for four months' rent made on December 1 of the current year.b. One-third of the work related to $18,000 of cash received in advance was performed during this period.c. Unpaid accrued salaries at December 31 amounts to $15,000d. Work was completed for a client on December 31 in the amount of $21,000, but was not previously billed or recorded.e. Estimated depreciation on office equipment is $27,000.
What will be an ideal response?
______ is based on the receiver’s judgments of a source’s expertise on a particular topic.
Fill in the blank(s) with the appropriate word(s).
Answer the following statements true (T) or false (F)
1) An investment today of $8,424 at 6% will yield payments of $2,000 per year for five years, or total payments of $10,000 over five years. The reason for this increase is that the interest is being earned on principal that is left invested each year. 2) When computing the present value, the interest rate will vary depending on the amount of risk. Riskier investments, such as FDIC-insured bank deposits, command higher interest rates. 3) When computing the present value, the interest rate will vary depending on the amount of risk. Safer investments, such as FDIC-insured bank deposits, yield lower interest rates. 4) Discounted cash flow methods incorporate compound interest by assuming that companies will reinvest future cash flows when they are received. 5) Net present value is defined as the difference between the present value of the investment's net cash inflows and the investment's initial cost.