1. If the future value of a one-period investment is given by the formula,F=I+ (I×R), what is the formula for the amount of the investment,I?

3. When solving for an unknown that involves more than one process, the multiple process rule requires that ________.

4. If the future value of a one-period investment is given by the formula,F=I+ (I×R), what is the formula for the rate of interest,R?

5. If the bank returns $50 on a $1,000 deposit after one year, what is the interest rate earned on thisdeposit?

10.Award: 10 out of 10.00 pointsShow correct answerAccounting ConceptsThis lesson will help you refresh the basic accounting concepts. Brushing up on these concepts now will help you tackle your finance coursework later. Press play to watch the first presentation below. Click on the numbers to navigate through the lesson, and then complete the Concept Check at the end to cement your skills and receive credit.* 1. ________ are items owed to a creditor. ________ are items owned by a company. ________ represents owners' claims to company resources.Expenses; Revenues; Net income

Expenses; Revenues; Stockholders’ equityLiabilities; Assets; Stockholders' equityLiabilities; Assets; Net income* 2. Under ________ accounting, revenues are recorded when earned and expenses

are recorded with related revenues. Under ________ accounting, revenues are recorded when cash is received and expenses are recorded when cash is paid out. Financial statements are prepared using ________ accounting.

Currently, this responsibility has been delegated to the________.

Addition to retained earnings