Your Investment Advisor Informs You That You Do Not Need

question 40

Multiple Choice

Your investment advisor informs you that you do not need to pay a fee for his services.Instead,he invests your money for one month and keeps all of the proceeds before investing it for you.If your advisor makes and keeps a 2% return on your investment,what is his EAR if the earnings rate could be extrapolated for one year?

• A)2.00%
• B)24.00%
• C)26.82%
• D)126.82%

Understand the concept and application of spot rates in foreign currency transactions.

Interpret the impact of foreign currency transactions on accounts receivable and payable.

Determine how to record separate transactions under the two-transaction perspective in foreign currency accounting.

Grasp the accounting for government activities and the recording in different fund financial statements.

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Definitions:

Chromosomal DNA

The DNA that is contained within the chromosomes of a cell, carrying genetic information vital for the cell's structure, development, and function.

Nuclei

The central and most important part of an object, movement, or group, forming the basis for its activity and growth; in biology, the membrane-bound organelle that contains the cell's DNA.

Systematic Notes

Organized and methodical recordings of observations, measurements, or information that are carefully maintained for analysis, research, or documentation purposes.

Gregor Mendel

A scientist known as the father of modern genetics for his pioneering work on the inheritance of traits in pea plants, establishing the laws of genetics.