Find (Period Rate), (Number of Periods), and (Future Value) for the Information

question 186

Multiple Choice

Find (period rate) , (number of periods) , and (future value) for the information given. Fill in the table. \\\text { Compounding } & P & r & t & n & i & N & A \\\text { Period } & \text { Present } & \text { Annual } & \text { Time } & & \text { Period } & \text { Number of } & \text { Future } \\& \text { Value } & \text { Rate } & & & \text { Rate } & \text { Periods } & \text { Value } \\\text { Annual } & \$ 400 & 6 \% & 3 \mathrm { yr } & ? & ? & ? & ?\end{array}">$\begin{array} { c c c c c c c c c } \text { cellpadding } = " 0 " \text { cellspacing } = " 0 " \text { width } = " 89 \% " \text { border } = 1 " > \\\text { Compounding } & P & r & t & n & i & N & A \\\text { Period } & \text { Present } & \text { Annual } & \text { Time } & & \text { Period } & \text { Number of } & \text { Future } \\& \text { Value } & \text { Rate } & & & \text { Rate } & \text { Periods } & \text { Value } \\\text { Annual } & \$ 400 & 6 \% & 3 \mathrm { yr } & ? & ? & ? & ?\end{array}$

• A) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 1 6 9 $657.21
• B) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 1 6 3 $476.41
• C) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 1 6 3 $424.48
• D) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 3 6 9 $675.79
• E) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 3 2 3 $478.04

Calculate and interpret the margin of safety.

Understand and apply the concept of operating leverage.

Evaluate the effects of sales mix changes on overall contribution margin ratio.

Develop an understanding of budgeted data to calculate break-even sales.

---

Definitions:

Severity Error

A bias in judgment where someone may overestimate the severity of a situation or condition.

Halo Error

A cognitive bias in which the perception of one positively regarded trait influences the perception of other traits of an individual.

Managing by Objectives

A management strategy in which employees and managers collaborate to set, monitor, and achieve specific objectives.

Transformational Leadership

A style of leadership where a leader works with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of the group.