The Accountant Told Ellen That He Had Difficulty Understanding Some

question 142

Multiple Choice

The accountant told Ellen that he had difficulty understanding some of the technical terms used in her memorandum. These technical terms are commonly known as ________.

• A) encoding
• B) vernacular
• C) techspeak
• D) jargon

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Definitions:

Contract Rate

The specific interest rate established in a lending or financial agreement, often determining the amount of interest a borrower will pay over the term of a contract.

Present Value

Today's monetary value of a forthcoming sum or series of cash flows, after considering a specified rate of return.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to account for the time value of money.

Future Cash Receipts

Expected incoming cash flows from business operations, investments, or other sources.