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general partnership
7.Accounting profits and cash flows are generally:
the same since accounting profits reflect when cash flows occur.
different because of GAAP rules regarding the recognition of income.
different because cash inflows must occur before revenue recognition.
the same since they reflect current laws and accounting standards.
the same due to the requirements of GAAP.
8.One year ago, you invested $2,690. Today it is worth $3,800.50. What
rate of interest did you earn?
8. (Set 2)
Your credit card company charges you 1.00 percent per month. What is
the annual percentage rate on your account?
9. (Set 1)
What is the future value of $920 a year for 5 years at a 6 percent interest?
9. (Set 2)
Your credit card company charges you 1.00 percent per month. What is the
annual percentage rate on your account?
10.You just paid $361,000 for an annuity that will pay you and your heirs
$12,300 a year forever. What rate of return are you earning on this policy?