Most people prefer to receive money today rather than ten years from now because
A) U.S. prices have been falling recently and a dollar received today will buy more than one received in the future.
B) Future investment returns are expected to be less variable than current ones.
C) Receiving cash today enables one to take advantage of current investment opportunities.
D) People are unsure about their future employment prospects and wish to provide themselves with a source of future income.
E) Most people are afraid they will spend future cash payments foolishly.
C
You might also like to view...
The photo department of Santiago Company shows gross sales of $730,600 for chemical supplies and $934,900 for general office supplies. It has determined that chemical supplies cost $534,000 and that general office supplies cost $391,400 . What is the gross profit percentage for the general office supplies section of the photo department?
a. $543,500 b. 74.4% c. 72.0% d. 58.1%
The ABA number on a check shows
a. the city or state where the bank is located b. the specific bank on which the check id drawn c. the routing number used by the Federal Reserve Bank d. all of the answers listed
Regarding the chapter’s strategic planning model, the internal audit seeks to identify ______.
a. the important competitors in the marketplace b. the organization’s core competencies c. key drivers of the accounting department d. ambient conditions.
In an ideal supply chain, materials of all kinds are handled as many times as possible.
Answer the following statement true (T) or false (F)