FIN 571 NERD Education Specialist /fin571nerd.com FIN 571 NERD Education Specialist /fin571nerd.com | Page 24

You need to sort one of the tables numerically, from smallest to
largest values. How can you do this? 9. Solving for the Unknown This
lesson will help you review how to solve for unknown quantities in a
problem. 1. If the future value of a one-period investment is given by
the formula, F = I + (I × R), what is the formula for the amount of the
investment, I? 2. The opposite process rule says to solve for
________. 3. When solving for an unknown that involves more than
one process, the multiple process rule requires that ________. 4. If the
future value of a one-period investment is given by the formula, F = I
+ (I × R), what is the formula for the rate of interest, R? 5. If the bank
returns $50 on a $1,000 deposit after one year, what is the interest rate
earned on this deposit? 10. Accounting Concepts This lesson will help
you refresh the basic accounting concepts. 1. ________ are items
owed to a creditor. ________ are items owned by a company.
________ represents owners' claims to company resources. 2. Under
________ accounting, revenues are recorded when earned and
expenses are recorded with related revenues. Under ________
accounting, revenues are recorded when cash is received and
expenses are recorded when cash is paid out. Financial statements are
prepared using ________ accounting. 3. The ________ retains the
power and