Case-Based Critical Thinking Questions Case 6-1 When Mary Started College

question 86

Multiple Choice

Case-Based Critical Thinking Questions Case 6-1 When Mary started college, her parents bought her a new computer that came with minimal software. She is now looking into purchasing additional software. Mary needs word processing software for her classes, but she has to budget her resources carefully this semester. She might consider using ____, which is available as a free download via the Internet.

• A) Microsoft Office
• B) OpenOffice.org
• C) SmartSuite.org
• D) WordPerfect Office

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Definitions:

Prevailing Rate

The current interest rate or wage rate for a particular industry or geographic location.

Present Value

The value today of a sum of money or cash flows expected in the future, discounted at a certain rate of return.

Maturity Value

The amount that will be paid out or received, including principal and interest, upon the expiration or maturity of a financial instrument.

Notes Receivable-Lewisburg Fabricators

A specific financial claim or loan that Lewisburg Fabricators holds against a debtor, documented through a promissory note indicating the amount owed and payment terms.