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Andrew B.
MBA Student
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TutorMe
Question:

The following represents age distribution of students in a middle school class. Find the mode of the values: 7, 9, 10, 13, 11, 7, 9, 19, 12, 11, 9, 7, 9, 10, 11.

Andrew B.
Answer:

Simply find the most recurring number. The most occurring number is the number 9.

Finance
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Question:

An analyst is developing net present value (NPV) profiles for two investment projects. The only difference between the two projects is that Project 1 is expected to receive large cash flows early in the life of the project, while Project 2 is expected to receive larger cash flows late in the life of the project. The slope of the NPV profile for Project 1 when compared to the slope of the NPV profile for Project 2 is most likely: A) equal B) flatter C) steeper

Andrew B.
Answer:

A delay in the receipt of cash flows (Project 2) will make a project's NPV more sensitive to changes in the discount rate; the increased sensitivity is illustrated by a steeper slope in the NPV profile.

Accounting
TutorMe
Question:

ABC Co. prepares its statement of cash flows using the indirect method. ABC Co.'s unamortized bond discount account decreased by $45,000 during the year. How should ABC Co. report the change in unamortized bond discount in its statement of cash flows? A) As a financing cash outflow B) As a subtraction from net income in the operating activities section. C) As a financing cash inflow D) As an addition to net income in the operating activities section.

Andrew B.
Answer:

Correct answer D: Using the indirect method of preparing a statement of cash flows, net income is adjusted for changes in the balance of accrual and prepaid balance sheet accounts. The decrease in unamortized bond discount balance represents interest expense incurred in the current period that wasn't a result of a cash disbursement; and is therefore added to net income.

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