The Present Value of a Future Payment Decreases If The

question 36

Multiple Choice

The present value of a future payment decreases if the:

• A)period between the present and the future increases.
• B)future payment increases.
• C)interest rate decreases.
• D)stock market rises.

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

Gain knowledge in analyzing and recording contingent liabilities related to environmental spills and litigation.

Understand methods to calculate and record employer's payroll taxes based on different scenarios.

Learn how to journalize adjusting entries for accrual-based expenses such as pension costs, employee benefits, and vacation pay.

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Definitions:

RAM

Stands for Random Access Memory, which is a type of computer memory that can be accessed randomly.

File

A collection of related pieces of information stored together for easy reference.

Hierarchical Structure

An organizational structure where entities are ranked one above the other according to authority or status.

Directories

Organizational units in a file system that contains files and possibly other directories, used to structure and store computer files systematically.