Test Bank For Financial & Managerial Accounting, 20th Edition Author:Jan Williams All Chapters 100% Complete A+ Guide

FULL TEST B NK!!! A


Test Bank For Financial & Managerial Accounting,
20th Edition Author:Jan Williams All Chapters
With Questions And Answers 100% Complete
A+ Study Guide Latest Version




1|Page

,2|Page

,Appendix B Answers Included

1) Future Value Is The Amount That Must Be Invested Today At A Specific
Interest Rate To Receive A Particular Amount At Some Future Date.
⊚ True
⊚ False


2) The Present Value Of An Ordinary Annuity Is The Amount That Must Be
Invested Today At A Specific Interest Rate To In Order To Receive A
Particular Amount At The End Of A Specified Number Of Future Periods.
⊚ True
⊚ False


3) The Future Value Of An Investment Gradually Increases Toward Its Present Value
Amount.
⊚ True
⊚ False


4) Compound Interest Assumes That The Interest Earned On A Particular Investment Is
Reinvested.
⊚ True
⊚ False


5) Discounting A Future Value Amount Will Determine Its Present Value Amount.
⊚ True
⊚ False


6) The Lower The Discount Rate Of An Investment, The Lower The Present Value Of The
Investment.
⊚ True
⊚ False


7) Annuities Provide A Series Of Cash Flows To Investors At Regular Intervals For
A Specified Period Of Time.

3|Page

, ⊚ True
⊚ False




4|Page