1) In your own words, explain the difference between simple interest and compound interest.

John complained to his buddy, frank, that prices have increased a lot over the past year. frank disagreed, saying that the prices of some goods have gone up a bit, but other prices have declined, noting that you can get some good buys on houses

What are the characteristics of successful budgets? What can you do to cultivate these successful characteristics in your own money management?

Errors in accounting

Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: Sales Budget April May June Cash Sales 115,000 77,000 140,000 Sales on Account

Which of the following is an example of a qualitative materiality factor? Group of answer choices a. The client installed a new security system to protect the building. b.

Which of the following is one of the main things to consider when evaluating a business opportunity?

Analyzing Accounts Receivable Changes The comparative balance sheets of Sloan Company reveal that accounts receivable (before deducting allowances) increased by $15,000 in 2013.

The balance in the Accounts Receivable account decreased from $18,000 at the beginning of the month to $15,000 at the end of the month. Sales on account during the month totaled $130,000.

A firm is considering a replacement project which requires the initial outlay of $300,000 which includes both an after-tax salvage from the old asset of $12,000 and an additional working capital investment of $8,000.

What payment type is best if you are trying to stick a budget