Which of the following capital budgeting techniques does NOT specifically use time value of money analysis?

A) payback period
B) net present value
C) internal rate of return
D) modified internal rate of return

A

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Hargett Heart Association has received donated services from several members of the community. The controller must determine which should be recorded as contribution revenue

The services and their values follow: 1) A retired biology professor conducted two small research projects, which resulted in the organization receiving a major grant, but did not accept a stipend for either. The stipend is usually $2,000 per project. 2) Local high school students participated in "Clean Up the Neighborhood" Day and provided 100 hours of labor trimming hedges and raking leaves on the property. The controller estimates the going rate for such work is $8 per hour. 3) An architect donated plans for a renovation to one of the research labs. The association paid $5,000 for plans for a similar renovation two years ago. How much contribution revenue should be recognized from donated services? a. $9,800 b. $9,000 c. $5,800 d. $5,000

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Following impeachment, a federal judge or the president may be convicted of high crimes and misdemeanors and removed from office following the vote of

a. 51 U.S. Senators. b. 2/3 of the House of Representatives. c. 51% of the U.S. Senators who choose to vote on the issue. d. 2/3 of the U.S. Senators who choose to vote on the issue.

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