Accountants need not worry about calculations based upon the concept of the time value of money. Is this true or false?

Answers

Answer 1

Answer: The statement above is considered FALSE. The concept of time value of money or TVM states that money available at the present time is worth more than the same amount in the future because of its potential earning capacity. This principle holds that money is worth more earlier. Therefore, accountants should account for the calculations because the value of money changes overtime.

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Which one of the following best describes "semidashstrong" market efficiency? A. All public information is quickly reflected in security prices. B. The market is generally efficient, but some anomalies remain unexplained. C. Transactions are faster and lessdashexpensive than in the past, but not as fast or inexpensive as they could be. D. All information about a company, both private and public, is quickly reflected in its stock price.

Answers

Answer:

The correct answer is letter "A": All public information is quickly reflected in security prices.

Explanation:

The Efficient Market Hypothesis (EMH) states that stock prices reflect all necessary and available information making it impossible for investors to beat the market even if obtaining information from insiders. Besides, the EMH establishes that the use of technical or fundamental analysis is useless at the moment of "predicting" future stock prices.

There are three forms of EMH: weak EMH, semi-strong EMH, and strong EMH. The semi-strong form of the EMH establishes that public information adjusts rapidly to current stock prices. It also states that only material non-public information could be helpful at the moment of estimating future stock prices.

Melinda's job consists of greeting visitors at the front desk of an architectural firm. Sometimes she finds herself with little to do. Which of the following is NOT an appropriate use of her time?a. texting her mother at home
b. preparing for the next client visit
c. e-mailing her boss to ask for directions
d. straightening the magazines in the lobby

Answers

This is a funny question!
a. texting her mother at home

Texting her mother at home

Jordan wants to know how long it will take for the money she deposited to double. She has an interest rate of 4 percent. Calculate how long it will take her money to double.

Answers

Answer:

18 years

Explanation:

To calculate the time an investment will double in value, simply apply the "rule of 72," a rule used in economics and finance, to analyze the time an investment will double, taking its interest rate into account.

The formula is to divide 72 by the interest rate. The result will be the time (in years) required for the value to be doubled.

So:

If the rate is 4%

Now let's divide 72 by 4%

72/4 = = 18 years

4% X 18 (years) = 72.
Therefore, the investment will double in 18 years.

An organization founded by businesses in a specific industry for the purpose of collaborating within the industry and advocating for their workers is called a(n):

Answers

Such organizations are made to encourage trade and collaboration between companies and they are known as Trade Associations. They exist between companies in the same niche and their goal is to improve the technologies and conditions of people who work in that specific industry.

C. Trade Association. (APEX)

Choose the correct box of the best buy available. a can of peaches at 49¢ a can 10¢ off on a can of peaches usually selling for 58¢ a can

Answers

Answer:

A can 10¢ off on a can of peaches usually selling for 58¢ a can

Explanation:

Given,

The price of first can = 49¢,

The price of second can = 58¢,

Discount = 10¢,

Thus, the final cost of second can = original price - discount

= 58¢ - 10¢

= 48¢,

∵ 49 > 48,

Hence, 'A can 10¢ off on a can of peaches usually selling for 58¢ a can' is better deal.

Answer 43 cents a can is a better buy

Explanation:

It's still cheaper then 10 cents off a 58 cents can.

Lucky started a new business last year. Since it was the first year of operation, the business purchased $10,000 in machinery and used the straight-line method for depreciation. Business is booming, so Lucky purchased $15,000 in equipment during the current year to help meet production demands. Which of the following statements is true regarding the depreciation choices available to Lucky? The new machinery can be depreciated under the same method or a different method than the previously purchased machinery T/F

Answers

Answer:

True

Explanation:

The reason is that the Internation Financial Reporting Framework says that though there are choices the company must opt to the depreciation method that brings fairness to the financial statement, which means that the method used calculates the depreciation for the year that actually represents the decrease in the value of the assets in market value. So if the current method brings the fairness to the Financial statements, Lucky can use them and if those don't bring fairness to the financial statements then its better to use alternative which will bring the fairness to financial statements.

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