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Critical Thinking Questions What is the Rule of 72? What is Compounding/Discounting?...

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Accounting

Critical Thinking Questions

  1. What is the Rule of 72?
  2. What is Compounding/Discounting?
  3. What is an annuity? Give one example of an annuity and of one which is not.
  4. Explain the meaning of this statement: Annuity due differs from ordinary annuity. In case of annuity due, show the required change in the future value and present value equations.
  5. Construct an amortization schedule that includes all the required information and illustrate the relationship between the elements in this schedule.
  6. Why are cash management and cash budgeting important to a companys survival?
  7. In what ways can a company handle temporary shortfalls in cash balances?
  8. What can the companies do when they have surplus cash?
  9. When does the cash conversion cycle of a firm start and when does it end?
  10. A common method that we use to determine the appropriate inventory levels is the economic order quantity (EOQ) model. Explain what this model is.

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