Your grandparents bought their collection of one hundred silver dollars at face value in 1952. If they appreciated at a rate of 3% per year, how much were they worth in 2006?

The gross profit method can be used to approximate the dollar amount of inventory on hand.

a. true b. false

By preparing a cash budget, management can prearrange loans to cover _______________________ before they are needed.

Fill in the blank(s) with the appropriate word(s).