Decisions are based on ambiguous accounting standards

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Reference no: EM131826373

1. Maximizing profit or EPS, is not justified as the most acceptable financial objective of a firm because profit-maximizing decisions are based on ambiguous accounting standards.

True or False

2. Kayla hopes to purchase a new car in five years. If she deposits? $10,000 today in an account that pays? 7% compounded? quarterly, how much will she be able to spend on the new car in five? years?

A. ?$14,147.78

B. ?$14,025.52

C. ?$15,000.00

D. ?$13,500.00

E. ?$10,700.00

Reference no: EM131826373

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