Examlex
Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement.
-Joe and Mary are tenants in common savings account.When Joe dies,his portion of the account [will | will not] automatically go to Mary.
Salvage Value
The estimated residual value of an asset after its useful life is over and it has been fully depreciated.
Accounting Rate of Return
A financial metric used to assess the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.
Cost of Capital
The return rate that a company must earn on its investment projects to maintain its market value and attract funds.
Net Present Value
A calculation used to determine the present value of a series of future cash flows minus the initial investment, often used in capital budgeting.
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