You Can Build Your Reading Speed by

question 21

Multiple Choice

You can build your reading speed by

• A)using mnemonics.
• B)reading groups of words rather than single words.
• C)subvocalizing.
• D)practicing reading at a rate faster than you can comprehend.
• E)b and d

Comprehend the principles of internal controls in relation to payroll.

Understand how to calculate and record estimated warranty expenses and actual warranty work.

Learn how to compute key financial ratios such as current ratio, working capital, and quick ratio.

Acquire skills in journalizing various transactions including accrued expenses and payroll calculations.

---

Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.

Non-interest Bearing

A financial term indicating a debt or deposit that does not accrue interest over time, identical in concept to its prior mention but explained with different wording.

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, compounding the amount on which future interest is calculated.

Compounded Semi-annually

The process of adding interest to the principal sum of a loan or deposit on a twice-yearly basis, resulting in interest on interest.