A decrease in an asset account such as inventory would be considered a source of cash while a decrease in a liability account such as accounts payable would be considered a use of cash. True or False

Trade credit is extended on purchases to a firm’s customers and appears as accounts receivable on the balance sheet of the customer and as accounts payable to the seller. True or false.

Which of the following statements is false? a. M1, M2, and M3 include demand deposits and other checkable deposits. b. Term repurchase agreements are included in M3, but not in M1 and M2. c. U.S. savings bonds are included in M3, but not in M1 and M2. d. Travelers’ checks are included in M1, M2, and M3.

Responsibilities of the Federal Reserve include all of the following EXCEPT a. overseeing monetary policy action b. setting the reserve requirement for depository institutions c. approving discount rates recommended by member banks d. controlling currency exchange rates

You need to have $35,000 on hand to buy a new Lexus five years from today. To achieve that goal, you want to know how much you must invest today in a certificate of deposit guaranteed to return you 9% per year. To help determine what today’s investment sum must be, you will use: a. present value factors b. future value factors c. present value factors of an annuity d. future value factors of an annuity

The financial statement that provides a snapshot view of the financial condition of a business at a point in time is the: a. balance sheet b. income statement c. statement of cash flows d. statement of retained earnings e. two of the above

I also do not know what this means, so is there anyway you can generally explain how to get to the answer and provide me with the answer so i can know that I am doing each problem correctly (basically I want to know if I am using the correct table, I already know to do the eqution, I just use the wrong table.)

Provide the Answer and write the factor utilized to compute the following answers:

Lottery is won. You will receive $10,000 per year for 15 years starting at the end of the year. What is the present value?

You are depositing $5,000 per year for 8 years and will be earning 5% interest. What will be the value?

A one-­time gift of $25k will be received in 10 years. It will be earning 3%. What is it worth now?

The amount of risk involved is linked to the expected return?

Which Time Value chart would you utilize so solve the following problem:

You won the lottery and chose to receive 10 payments with the first payment due to you at the end of the period. What chart would you use to determine the value of those payments now? Write the title of the chart.

A. PV of $1

B. FV of $1

C. PV of a $1 Ordinary Annuity

D. FV of a $1 Ordinary Annuity