You are offered an investment that will pay you the cash flows shown in the table. The first cash flow occurs in one year. The cost of the investment is $1,086.59 (today)

A company pays its two employees every Friday $500 each for a five-day workweek that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry is:

A) Debit Unpaid Salaries $600 and credit Salaries Payable $600. B) Debit Salaries Expense $400 and credit Cash $400. C) Debit Salaries Expense $600 and credit Salaries Payable $600. D) Debit Salaries Expense $200 and credit Salaries Payable $200. E) Debit Salaries Expense $400 and credit Salaries Payable $400.

Light users are often a small percentage of a company's market but account for a high percentage of total consumption

Indicate whether the statement is true or false