Which choice has a greater present value if we assume a required rate of return of 10%?
1: A lump sum cash flow today of $248.69, 2: $100 cash flows occurring one, two, and three years from today, or 3: a single cash flow of $331 three years from today.
A) Choice 1
B) Choice 2
C) Choice 3
D) The choices all have equal present values at a discount rate of 10%.
D
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Significant changes in stockholders' equity are reported in
a. income statement b. retained earnings statement c. statement of stockholders' equity d. statement of cash flows
Closing entries are not recorded in the combination journal
Indicate whether the statement is true or false
What is the term used to describe a systematic process of objectively obtaining evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users?
a. Internal audit. b. Financial statement audit. c. External audit. d. Program audit
To increase effectiveness, middle managers
A. evaluate whether the organization's goals are appropriate. B. suggest ways to use resources to improve customer service. C. suggest ways to use resources to improve production. D. evaluate the performance of all departments. E. suggest ways use resources to cut costs.