Someone must write a check
Answer: B. reduces reported net income of the period but does not involve an outflow of cash for that period.
Explanation:
Depreciation is the wear and tear of an asset due to the use of the asset. When an asset is depreciated, such an asset is eventually sold at a scrap value.
The statement of cash flows (indirect method) reports depreciation expense as an addition to net income because depreciation reduces reported net income of the period but does not involve an outflow of cash for that period.
Answer:
The statement is true
Explanation:
Group dynamics is a system of processes of psychological and behaviours which is occurring within a social group. As group is of two or more people so they have different behaviour or act upon differently. So, there is existence of conflict is an inevitable or unavoidable is a part of the group dynamics.
It could happen when the group does not agree on single decision or to act in favour.
Answer:
Explanation:
This is an annuity question. Use present value of annuity formula to solve this;
You can use a financial calculator to solve it. I'm using "Texas instrument BA II plus" calculator
<em>(Note: if using the same calculator as above ,enter the numbers first, then each respective function )</em>
N ; duration on investment = 20
I/Y; interest rate per year = 12%
PV; Present value = -2,000,000
FV; Future value = 0 (in annuities, use 0 if not given)
then CPT PMT = 267,757.56
Therefore, Stephanie will be able to withdraw $267,757.56
Answer: Option C
Explanation: Primary market refers to the market in which the securities are sold to the general public for the first time by the companies. In simple words, the initial public offering process takes place in such markets. The securities could be of any type whether debt, equity or preference.
The market in which existing securities are bough and sold is called secondary market. And the commission is paid in both secondary and primary market.
Hence the correct option is C.
