,Match the following terms with the appropriate definition.Effective yield or interest rateMonetary liabilityCompound interestPresent ValueFuture value of a single amountA.Fixed obligation to pay an amount in cash.B.The rate at which money will actually grow.C.Interest accumulates on interest.D.Current worth of future cash flows.E.The money to which an amount invested will grow over time.

Question

,Match the following terms with the appropriate definition.

Effective yield or interest rate

Monetary liability

Compound interest

Present Value

Future value of a single amount
A.
Fixed obligation to pay an amount in cash.
B.
The rate at which money will actually grow.
C.
Interest accumulates on interest.
D.
Current worth of future cash flows.
E.
The money to which an amount invested will grow over time.

Expert Answer

1 Rating

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here:   ...

A: Calculate the cash balance (after reconciliation) of Hills  Company at the end of the June 30.

Q: Most Company has an opportunity to invest in one of two new projects. Project Y requires a $320,000 ...

A: We can calculate the net present value as follows : 

Q: The year end balance sheet of CP, In., include the following stockholders’ equity section (with cert...

A: Stockholders’ equity: The claims of owners on a company’s resources, after the liabilities are paid ...

Q: Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here:   ...

A: The bank reconciliaion statement can be made in the following manner :

Q: Which of the following is not a “tax status” for an asset? Capital loss asset. Capital asset. Secti...

A: Capital Assets:All property that taxpayers own is capital asset, unless it falls into one of the fol...

Q: Coca Cola acquired 70% of Pepsi on 1/1/14. During 2014, Coca Cola made many inventory sales to Pepsi...

A: Click to see the answer

Q: On May 1, 2017, Buffalo Inc. entered into a contract to deliver one of its specialty mowers to Kicka...

A: Revenue recognition: The revenue recognition requires every business organization to recognize the r...

Q: Brief Exercise 15-8Marin Inc. has outstanding 10,400 shares of $10 par value common stock. On July 1...

A: Preparation of the journal entries to record the repurchased the outstanding shares as on July 1, 20...

Q: During february, the activities of Evergreen Landscaping included the folowing transation and events...

A: Expenses means the cost incurred by the business to earn revenues. As per the matching principle of ...

Q: Late in the year, sofware city began carry WorldCrafter, a new word processing software program. At ...

A: a. 1. Prepare the journal entry to record the write down at December 31.

Q: Milden Company has an exclusive franchise to purchase a product from the manufacturer and distribute...

A: Contribution margin income statement: It is a kind of income statement which reports the sales, vari...

Q: How Goodwill is accounted for on financial statement. What is inter-company long-term construction c...

A: Goodwill is an intangible asset reported under the non-current assets in the Balance sheet. Only pur...

Q: On March 1, FBM Corporation had office supplies on hand of $1,000. During the month, FBM purchased a...

A: Adjusting entries: Adjusting entries are those entries which are recorded at the end of the year, to...

Q: In terms of the tax formula applicable to individual taxpayers, which, if any, of the following stat...

A: Deductions for AGI means above the line deduction which a taxpayer can deduct from his gross income ...

Q: Calculate activity measures The following information was available for the year ended December 31, ...

A: Inventory turnover: Inventory Turnover Ratio measures the company’s ability to sell its inventory, i...

Q: The following data were taken from the financial statements of Gates Inc. for the current fiscal yea...

A: Prepare comparitive balance sheet for Gates Incorporation: 

Q: Cheyenne Corp. was organized on January 1, 2017. It is authorized to issue 21,000 shares of 7%, $53 ...

A: The journal entries for the transactions are as follows :

Q: Suppose your company sells services of $270 in exchange for $155 cash and $115 on account.  Required...

A: Operating activities: Operating activities include cash inflows and outflows from business operation...

Q: I could use some help with this question: Egyptian Enterprises has both common and preferred stock. ...

A: Determine the  dividends to be paid in 2018:

Q: David Kelley is considering the implementation of an incentive wage plan to increase productivity in...

A: Definition and Goal Accomplishment Plan:Incentive wage is the income earned by the employees in case...

Q: GPC, Inc has a $150,000 mortgage liability. The mortgage is payable in monthly instatement of $1,543...

A: Step 1:Given:Mortgage Liability = $ 150,000Monthly Instalment = $1,543Interest Rate           = 12% ...

Q: What if the invoice date is 12/27, but the invoice is about next year's sevices, should we record th...

A: as per U.S. GAAP, accounts payable should be recorded on receipt of invoices or on accrual basis if ...

Q: I need help with questions 4/5/6A   Lou Barlow, a divisional manager for Sage Company, has an opport...

A: 4. Profitability index is measured by dividing the present value of the future cash flows by the ini...

Q: Hello, how do I solve this problem? I attached the bottom part of the question and what it's asking ...

A: (a) Determine the ratio of fixed assets to long term liabilities:

Q: Gandrud Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one d...

A: Flexible budget: A flexible budget is a budget which varies with the activity level of the business....

Q: Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here:   ...

A: Prepare a bank reconciliation statement for Hills Company.

Q: O 3Depreciation calculation methods Millco, Inc., acquired a machine that cost $1,200,000 early in 2...

A: a.Calculate depreciation expense:Annual Depreciation = (Cost - Salvage Value) / Expected useful life...

Q: Problem 25-3A Computation of cash flows and net present values with alternative depreciation methods...

A: The Taxable Income needs to be calculated by subtracting the depreciation from  Pretax income. Once ...

Q: BANK STATEMENT Date Checks Deposits Other Balance May 1                       $ 200   4 #2 $ 1...

A: Preparation of the bank reconciliation statements. We have,

Q: In two or three paragraphs explain the purpose of variance analysis and its benefits and drawbacks.

A: Click to see the answer

Q: Basket purchase allocation Dorsey Co. has expanded its operations by purchasing a parcel of land wit...

A: a. Calculate the cost that should be recorded for the land.

Q: Which of the following is not an advantage of the corporate form of business? a. limited liability b...

A: Corporate is a popular form of business for the large and small industry. These types of business re...

Q: otals of various columns from the work sheet are shown below. What is the net income or loss?   ...

A: Click to see the answer

Q: Cost flow assumptions-FIFO AND LIFO using a periodic system  the beginning inventory was 600 units a...

A: FIFO or the First In First Out is the inventory valuation method in which the oldest inventory is di...

Q: What does the concept "substance over form" stand for?  Can you provide me with some examples?

A: Substance over form: It is an accounting concept, which means that the business must record those tr...

Q: Required information Problem 14-44 (LO 14-2) The following information applies to the questions disp...

A: Calculating the value of total taxable income and federal income tax. We have,

Q: Winkle, Kotter, and Zale is a small law firm that contains 10 partners and 12 support persons. The f...

A: 1-aCalculate predetermined overhead rate for Research and Documents Department:  

Q: Weighted-average costs per equivalent unit are $2 for direct materials and $3 for conversion. There ...

A: Cost of the goods completed:Cost of goods completed represents the total cost incurred for the mater...

Q: Northwood Company manufactures basketballs. The company has a ball that sells for $35. At present, t...

A: 1.a. Compute the last year's CM ratio. 

Q: Identify the following expenditures as capital expenditures or revenue expenditures. Installed an e...

A: Capital expenditures: These costs are incurred to extend the useful life, production capacity, and o...

Q: High Country, Inc., produces and sells many recreational products. The company has just opened a new...

A: 1 (a) Compute the unit product cost using absorption costing: 

Q: Exercise 25-13A Internal rate of return LO P4 Following is information on two alternative investmen...

A: Internal rate of return method: Internal rate of return method is one of the capital investment tech...

Q: Hi, I'm not sure which values to use because I assumed it would be the difference between the two va...

A: Investment: It refers to the process of using the currently held excess cash to earn profitable retu...

Q: Walt Bach Company has accumulated the following budget data for the year 2019. Sales: 40000 units, ...

A: Cost of goods sold alludes to the immediate costs inferable from the generation of the goods sold in...

Q: Affordable Lawn Care, Inc., provides lawn mowing services to both commercial and residential custome...

A: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the que...

Q: Platt Company produces one product, a putter called PAR –putter. Platt uses a standard cost system a...

A: Compute the predetermined variable overhead rate: 

Q: Process Costing in Sugar Manufacturing The food-processing industry, like most process industries, i...

A: Process Costing: It is a method of cost accounting used by an enterprise with processes categorised ...

Q: Early in the year Bill Sharnes and several friends organized a corporation called Sharnes Communicat...

A: Journal entries means writing down the transaction that takes place in a business, in the journal of...

Q: Problem 12-2Fields Laboratories holds a valuable patent (No. 758-6002-1A) on a precipitator that pre...

A: The balance on the given dates can be calculated as follows :

Q: Cullumber Company markets CDs of numerous performing artists. At the beginning of March, Cullumber C...

A: Periodic Inventory System: Periodic Inventory System refers to the accounting system under which the...