Ace Electronics accepted a promissory note from Fenstermaker, who promised to pay Ace $2,000 plus 6% interest at the end of six months. When Ace first accepts the note, it should record interest receivable of ________

According to our discussion of a recent article regarding Mattel in the Wall Street Journal, not only do corporations need cognitive diversity (race, age, sex, etc.), but they also need the demographic diversity of people who have worked in different backgrounds and who see things differently.

a. true b. false

The present value of an annuity can be obtained by discounting the individual cash flows of the annuity and then summing the resulting present values

Indicate whether the statement is true or false.