One of the two constraints in accounting is:
a. comparability.
b. materiality.
c. faithful representation.
d. relevance
Ans: b. materiality.
Business
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You would like to establish a trust fund that would provide annual scholarships of $100,000 forever. How much would you have to deposit today in one lump sum to achieve this goal if you can earn a guaranteed 4.5% rate of return?
a. 1,678,342 b. 1,800,000 c. 2,413,435 d. 1,620,975 e. 2,222,222
Business
Describe the four broad strategies often employed by market followers to meet their competitors
What will be an ideal response?
Business