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7. An amount is deposited for eight years at 8%. If compounding table value is found at a. 8% for eight periods. b. 296 for eight periods. C, 8% for 32 periods. d, 2% for 32 periods. 8. In the time diagram below, which concept is being depicted? 2 $1 4 $1 0 $1 $1 PV a. Present value of an ordinary annuity Present value of an annuity due b. c. Future value of an ordinary annuity d. Future value of an annuity due 9. Present value is a. The value now of a future amount. b. The amount that must be invested now to produce a known future value c. Always smaller than the future value id. All of these answer choices are correct. What is the primary difference between an ordinary annuity and an annuity due? a. The timing of the periodic payment. b. 10. The interest rate. Annuity due only relates to present values c. d. Ordinary annuity only relates to present values. Which of the following is not considered cash for financial reporting purposes? a. 11. Petty cash funds and change funds b. Money orders, certified checks, and personal checks c. Coin, currency, and available funds d. Postdated checks and I.O.U.'s 12. Travel advances should be reported as -a. supplies. b. cash because they represent the equivalent of money c. investments. d.) receivables. 13. What is a compensating balance? a. Savings account balances. b. Margin accounts held with brokers. c. Temporary investments serving as collateral for outstanding loans. d. Minimum deposits required to be maintained in connection with a borrowing arrangement

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