Keep in mind that the Rule of 72 is only an approximation and it only applies to what type of calculations?
A) Perpetuity
B) Lump Sum
C) Annuity
D) TVM
E) Investing
B) Lump Sum
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The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What percentage of tires will have a life of 35,000 to 45,000 miles?
A. 31.73% B. 68.27% C. 50% D. 95%
Which of the following is not an advantage of decentralization?
A) It often creates higher job satisfaction for managers. B) It allows top-level managers more time to devote to long-range strategic planning. C) It allows lower-level managers to focus on their own particular goals and objectives without having to consider the overall company's goals and objectives. D) It permits lower-level managers to gain valuable on-the-job training in order to become better managers.
The current yield is greater than the coupon rate for a bond selling above par value
Indicate whether the statement is true or false
Under the direct method of determining the net cash provided by (used in) operating activities on the statement of cash flows, one step in adjusting selling and administrative expenses from an accrual to a cash basis is to subtract any increase in prepaid expenses.
Answer the following statement true (T) or false (F)