Which of the following best describes the annual percentage rate?
A) the quoted interest rate which, considered with the compounding period, gives the effective interest rate
B) the effective annual rate, after compounding is taken into account
C) the discount rate, when compounded more than once a year or less than once a year
D) the discount rate, when effective annual rate is divided by the number of times it is compounded in a year
Answer: A
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The Long-term Investments account is debited for the receipt of a dividend on an equity method investment because the dividend increases the investee's equity
Indicate whether the statement is true or false
Chelsea believes that it is ethical for companies to outsource all work to under-developed countries so that the outsourcing companies can pay lesser wages
By doing so, the outsourcing company can reduce manufacturing expenses and, instead, pay its managers higher salaries. Which of the following theories of ethical thought is associated with her beliefs? A) pacifism B) rule utilitarianism C) humanism D) unitarianism