Which One of the Following Is Correct Concerning Ordinary Annuities

question 212

Multiple Choice

Which one of the following is correct concerning ordinary annuities and annuities due?

• A) An ordinary annuity will have a larger present value than an annuity due given that the annuities are otherwise identical.
• B) An annuity due will have a larger future value than an ordinary annuity given that the annuities are otherwise identical.
• C) An annuity due applies only to equal payments made in annual increments.
• D) The majority of annuities are annuities due.
• E) An ordinary annuity is one where the payment occurs at the beginning of the period.

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Definitions:

Break-even Sales

The amount of revenue required to cover total fixed and variable costs, resulting in neither profit nor loss.

Unit Selling Price

The price at which a single unit of a product is offered for sale to customers.

Unit Variable Costs

Expenses that vary directly with the production volume, consisting of costs like materials and labor that change with the level of production.

Break-even Sales

The amount of revenue needed to cover both the fixed and variable costs, resulting in neither profit nor loss.