All of the Following Are Items That Would Most Likely

question 15

Multiple Choice

All of the following are items that would most likely be paid from a petty cash fund except

• A)postage due.
• B)taxi fares.
• C)administrative wages.
• D)freight-out.

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Definitions:

Present Value

Today's value of a future financial amount or series of cash disbursements, based on an agreed-upon rate of return.

Discount Rate

The discount rate applied to project the present value of future cash flows from a financial instrument.

Invest

Committing financial resources with the hope of income or profit generation.