How many years will it take for $500 to grow to $1,039.50 if it is invested at 5% compounded annually?
A) 15
B) 14
C) 13
D) 12
Answer: A
Explanation: A) $1,039.50/$500 = 2.079; FVIF 2.079, i = 5%, n = 15
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Electrical systems consist of:
a. a source, a distribution system, and control devices connected to various pieces of equipment b. a feeder system, a distribution system, and control devices connected to various pieces of equipment c. a source, a distribution system, and transformer devices connected to various pieces of equipment d. a source, a utility system, and control devices connected to various pieces of equipment
Popson Inc. incurred a material loss which was not unusual in character, but was clearly an infrequent occurrence. This loss should be reported as:
A. An extraordinary loss. B. A separate line item between income from continuing operations and income from discontinued operations. C. A separate line item within income from continuing operations. D. A separate line item in the retained earnings statement.