A Borda Count Is Used to Decide an Election Between

question 10

Multiple Choice

A Borda count is used to decide an election between three candidates, x, y, and z, where a score of 1 is awarded to a first choice, 2 to a second choice, and 3 to a third choice.There are 25 voters.10 voters rank the candidates x first, y second, and z third; 7 voters rank the candidates x first, z second, and y third; 5 rank the candidates z first, y second, and x third; and 3 voters rank the candidates y first, z second, and x third.Which candidate wins?

• A)Candidate x.
• B)Candidate y.
• C)Candidate z.
• D)There is a tie between x and y, with z coming in third.
• E)There is a tie between y and z, with x coming in third.

Interpret the implications of positive and negative cash flows in various sections of the statement of cash flows.

Identify transactions affecting the financing activities section of the statement of cash flows.

Assess the impact of changes in accounts receivable, payable, and inventory on cash flows.

Understand the importance of non-cash transactions in the statement of cash flows.

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Definitions:

Net Present Value

A calculation that compares the value of all future cash flows of a project, discounted back to the present, to the initial investment.

Discount Rate

In finance, it's the interest rate the Federal Reserve charges banks for borrowing funds, used to control money supply.

Net Present Value

A method used in finance to assess the profitability of an investment by calculating the present value of its expected future cash flows minus the initial investment cost.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.