app_c - APPENDIX C TIME VALUE OF MONEY SUMMARY OF QUESTIONS...

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APPENDIX C TIME VALUE OF MONEY SUMMARY OF QUESTIONS BY OBJECTIVES AND BLOOM’S TAXONOMY Ite SO BT Ite SO BT Ite SO BT Ite SO BT Ite SO BT True-False Statements 1. 1 K 3. 2 K 5. 4 K 7. 6 C 9. 7 K 2. 1 K 4. 3 C 6. 5 K 8. 6 K 10. 7 K Multiple Choice Questions 11. 1 K 18. 3 K 25. 5 AP 32. 5 C 39. 6 AP 12. 2 C 19. 3 AP 26. 5 AP 33. 5 AP 40. 6 AP 13. 2 AP 20. 3 K 27. 5 AP 34. 5 AP 41. 7 C 14. 2 K 21. 4 K 28. 5 C 35. 5 AP 42. 7 C 15. 2 K 22. 4 C 29. 5 AP 36. 6 AP 43. 7 C 16. 3 C 23. 4 C 30. 5 AP 37. 6 C 44. 7 C 17. 3 AP 24. 4 AP 31. 5 AP 38. 6 AP 45. 7 AP Exercises 46. 2 AP 49. 3 AP 52. 5 AP 55. 6 C 58. 7 AP 47. 2 AP 50. 3 AP 53. 5 AP 56. 6 AP 48. 2,3 E 51. 3 AP 54. 5 AP 57. 7 AP Completion Statements 59. 3 K 60. 3 K 61. 4 K 62. 4 K
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Test Bank for Financial Accounting, Fifth Edition SUMMARY OF STUDY OBJECTIVES BY QUESTION TYPE Ite Typ Ite Typ Ite Typ Ite Typ Ite Typ Ite Typ Ite Typ Study Objective 1 1. TF 2. TF 11. MC Study Objective 2 3. TF 13. MC 15. MC 47. Ex 12. MC 14. MC 46. Ex 48. Ex Study Objective 3 4. TF 17. MC 19. MC 48. Ex 50. Ex 59. C 16. MC 18. MC 20. MC 49. Ex 51. Ex 60. C Study Objective 4 5. TF 21. MC 22. MC 23. MC 24. MC 61. C Study Objective 5 6. TF 27. MC 30. MC 33. MC 52. Ex 25. MC 28. MC 31. MC 34. MC 53. Ex 26. MC 29. MC 32. MC 35. MC 54. Ex Study Objective 6 7. TF 36. MC 38. MC 40. MC 56. Ex 8. TF 37. MC 39. MC 55. Ex Study Objective 7 9. TF 41. MC 43. MC 45. MC 58. Ex 10. TF 42. MC 44. MC 57. Ex Note: TF = True-False C = Completion MC = Multiple Choice Ex = Exercise This Appendix also contains one set of five Matching questions. C - 2
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Time Value of Money CHAPTER STUDY OBJECTIVES 1. Distinguish between simple and compound interest. Simple interest is computed on the principal only while compound interest is computed on the principal and any interest earned that has not been withdrawn. 2. Solve for future value of a single amount. Prepare a time diagram of the problem. Identify the principal amount, the number of compounding periods, and the interest rate. Using the future value of 1 table, multiply the principal amount by the future value factor specified at the intersection of the number of periods and the interest rate. 3. Solve for future value of an annuity. Prepare a time diagram of the problem. Identify the amount of the periodic payments, the number of compounding periods, and the interest rate. Using the future value of an annuity of 1 table, multiply the amount of the payments by the future value factor specified at the intersection of the number of periods and interest rate. 4. Identify the variables fundamental to solving present value problems. The following three variables are fundamental to solving present value problems: (1) the future amount, (2) the number of periods, and (3) the interest rate (the discount rate). 5. Solve for present value of a single amount. Prepare a time diagram of the problem. Identify the future amount, the number of discounting periods, and the discount (interest) rate. Using the present value of 1 table, multiply the future amount by the present value factor specified at the intersection of the number of periods and the discount rate.
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This note was uploaded on 05/08/2008 for the course ACC 220 taught by Professor J during the Winter '08 term at South Central College: Faribault Campus.

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app_c - APPENDIX C TIME VALUE OF MONEY SUMMARY OF QUESTIONS...

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