Which of the following is true of annuities?
A) An ordinary annuity is an equal payment paid or received at the beginning of each period.
B) An annuity due is a payment paid or received at the beginning of each period that increases by an equal amount each period.
C) An annuity due is an equal stream of cash flows is paid or received at the beginning of each period.
D) An ordinary annuity is an equal payment paid or received at the end of each period that increases by an equal amount each period.
C
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Calculate the average percentage cost of goods sold for the top three competitors of a business when the cost advantage index of the business is 120 and the percentage cost of goods sold by the business is 60%
A) 120 B) 53.22 C) 50 D) 80 E) 42
Which of the following legal documents establishes the U.S. federal government and specifies its powers?
A) federal statutes B) the U.S. Constitution C) the combined list of state statutes D) the set of codified laws called ordinances