ACFI 340 – TAKE HOME QUIZ - FALL‚ 2011 Below you will find a series of independent questions involving present value concepts. Show all factors used in present value computations and indicate the table that was used (FV of $1‚ PV of $1‚ etc). If you use a financial calculator‚ show the key strokes you used to compute the answer: N‚ i/y‚ PV‚ FV and PMT Please download a copy of this quiz and type your answers after each question. Each student should design his/her own spreadsheets. Where amortization
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Origin and Evolution of Money Barter Money‚ as we know it today‚ is the result of a long process. At the beginning‚ there was no money. People engaged in barter‚ the exchange of merchandise for merchandise‚ without value equivalence. Then‚ a person catching more fish than the necessary for himself and his group‚ exchanged his excess fish for the surplus of another person who‚ for instance‚ had planted and harvested more corn that what he would need. This elementary
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holding money‚ it is found that there are different motives behind such demands. It shows as to why the community demands the money balances and how the amount of money balances for different motives is determined. Many economists; however‚ argue that such a classification for money is unnecessary and useless. It is argued that the demand for money should be considered as a complete whole instead of dividing the demand for money artificially into three parts. People do not keep their money holdings
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[pic] Divine Word College of Laoag LaoagCity History of The Philippine Money Project in Basic Finance Submitted By: Course: BSBA OM – II Submitted To: Pre-Hispanic Era At least 2000 years before the arrival of the Spaniards‚ the Philippines is home to small seafaring communities. These communities traded with neighboring countries such as Malaysia‚ Vietnam and China through barter. Chinese Ming Dynasty porcelain and metalware
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All the No points 1. Money can be donated to a good cause. 2. some evil clearly nothing to do with money 3. Money is not the root of all evil. The lack of money is the root of all evil. 4. More 5. Money represents positive value 6. Money is the end product of what you did 7. Originally‚ Money was the solution to the problems(/inefficiencies in transactions) arising out of barter exchange system. 8. Money can’t be dispensed with 9. There’s no such thing as the root of evil!
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Money in our live Money in our everyday life is very important indeed. We need money to buy food and to pay our bills or lesures. In this modern world‚ most of the things that we want‚ material or otherwise‚ can be obtained in exchange for money. Without money‚ one’s life can become a misery. It is thus not surprising to find that many people place money making as their top priority in life. This attitude is fine as long as they remember that there are other facets of life in which money is not
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-1- Bismillahirrahmanirrahim Essay No. (3) Money and Islam - A Medium of Exchange and a Unit of Account versus Money as a Commodity Everybody is using money. Most of us want it; we work for it and think how to get more of it. Therefore‚ it is vital to ask what money is‚ where it comes from‚ and what money is worth. Economics is an academic discipline that tries to answer those questions. It would be to long and lengthy to discuss about money creation and growth from A-Z but in the following
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FUCNTIONS OF MONEY As the word money is used in everyday conversation‚ it can mean many things‚ but to economists it has a very specific meaning. It is defined as anything that is generally accepted in payment for goods or services or in the repayment of debts. Certainly‚ money is considered as the most important financial asset which is commonly used in the economy. Cash or bills‚ coins and accounts at banks are considered as money. Whether money is currency or checking account‚ it has
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A number of people believe that pocket money teaches teenagers to be responsible with money. Others say that teenagers are too young to deal with money and that their parents should just buy them what they need. Do you think that being given pocket money teaches teenagers anything? Write 200-250 words Use the following plan: 1. Introduction. (State the problem) 2. Express your opinion and give reasons for it. 3. Give other people’s arguments and explain why they are wrong. 4
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Money in America is life‚ Life is full of stuggles‚ Stuggles that cause a family to fight‚ Fights that lead to life and death‚ Death that make one end in peace‚ Peace is what everyone wantes but no one wants to work hard for it‚ Four is a number‚ Number can mean many things that we count but dont need‚ So money in america is meaningless. Money in america is also is a starter of dreams‚ Dreams can make or break a person‚ persons chances affect their furture‚ the furture is a mystery‚ mysterys scare
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