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alex41 [277]
2 years ago
9

You just won a prize that comes with two payout choices. The first option is to get $100,000 right now and nothing hereafter. Th

e second option is to get $94,000 right now and and $10,000 three years from now (and nothing after that). If your discount rate is 8 %, which should you take?After comparing the $100,000,000 for the first option and the 101,938.32 for the second option, you should choose:
A. First Option
B. either option, as they are equal
C.second option
Business
1 answer:
lorasvet [3.4K]2 years ago
8 0
The answer is a. If I’m not mistaken
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7 0
2 years ago
What is meant by consistency when discussing financial accounting information?
goblinko [34]

Answer:

The correct answer is letter "A": Information presented by a company applies the same accounting treatment to similar events, from period to period.

Explanation:

In accounting, consistency is the principle that states a company must use an accounting method for book-keeping its transactions and the same method should be used from one period to the following. However, the consistency principle allows the company to change the current method for a more preferred method.

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3 years ago
Which sentence in the given text describes an element of the marketing mix that could help
vredina [299]

Answer:

C

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2 years ago
On November 1, Wright Co. borrowed $20,000 cash from Third Bank by signing a 90-day, 6% interest-bearing note.
Andrews [41]

On January 30, the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.

Explanation:

  • On November 1, Wright Co. borrowed $20,000 cash from the Third Bank by signing a 90-day, and 6% of interest-bearing note.
  • On December 31, it was recorded an adjusting entry to interest expense of $200.
  • On January 30, which is the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.
  • Interest expense is an expense which is known as a non-operating expense which is shown on the income statement. It also represents interest payable amount when it is borrowed. For Example,
  • bonds,convertible debt, loans or lines of credit
  • The main difference between the interest expense and the interest paid is that the discount amount and this difference changes the net amount of bond liability.
  • Interest expense is an amount determined by the interest rate on an account.

4 0
3 years ago
C&s wholesale grocers and if you were cohen and had decided to announce the transition to self-managed teams, what would you
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<span>Now we have decided to change our market strategy to one which has taken the form of team management. We have best decided to change from one overall manager to smaller, self managed teams which we believe will be better for the company and the productivity of the team and show overall improvement. We hope that we will have your continued support on this matter.</span>
8 0
3 years ago
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