X Canvas XC Agency relationship is the area of business that deals with how a company conducts its business and implements controls to ensure proper procedures and ethical behavior. 1 pts Question 18 You want to travel to Europe to visit relatives when you graduate from college three years from now. The trip is expected to cost a total of $10,000 at that time. Your parents have deposited $5,000 for you in a CD paying 6% interest annually, maturing three years from now. Aunt Hilda has agreed to finance the balance. If you are going to put Aunt Hilda's gift in an investment earning 10% over the next three years, how much must she deposit now, so you can visit your relatives at the end of three years? $3,757 13.099 $5.301 $3.345 1 pts Question 19 Which of the statements below is TRUE? The ownership cours or owners outy section of the balance sheet reflects the owners' Make in the form The balance sheet reports the performance of the form over the past period it sunand categorias a company's revenues despeses for a period Acc and trance view the numbers in the same way they both look back to where a company has been somewhat through to income is the same cath flow Accounting and finance view the numbers in the same way. They both look back to where a company has been-somewhat like looking through a rear view mirror, Net Income is the same as cash flow. 1 pts Question 20 You intend to buy a vacation home in seven years and plan to have saved $50,000 for a down payment. How much money would you have to place today into an investment that earns 8% per year to have enough for your desired down payment? $29.175 $29.100 $37.065 $25,000 1 pts Question 21 Which of the following is NOT an example of ordinary annuity cash flows? Salary receive at the end of the month Rent payments due at the start of the month Mortgage payments due at the end of the month Carloan payments due the end of the month False Question 4 1 pts Three fundamental issues separate net income and cash flow accrual-based accounting, noncash expense items, and interest expense. True Fare Question 5 1 pts Given a positive interest rate and a positive cash flow, an ordinary annuity always has a greater present value than an annuity due of the same size and number of cash flows True Fake 1 pts Question 6 The Canary Cruises Corporation Income Statement Accounts for the year ending December 31, 2019. What is the operating cash flow for the year! Account Balance The Canary Cruises Corporation Income Statement Accounts for the year ending December 31, 2019. What is the operating cash flow for the year? Account Balance Cost of goods sold 345000 Interest expense 82000 Taxes 42000 744000 Revenue Selling. general, and administrative expenses Depreciation 66000 112000 Question 7 1 pts Which of the statements below is FALSE? The cash account is much like your individual checkbook, because you how much money you currently have for paying or spending on new items Current wts are accounts that will romally be turned into cash over the course of the operating or business cycle of the form and current abies are the accounts that will come due for payment over the operating or business cycle The long-term capital accounts of the balance sheet present the cat investment of the company and reflect assets that the company own and that provide the basis for producing soods and services for sale The Plant Property and Event account is stratforward in its description cannot tell you the accumulated depreciation
