Which of the Following Is Correct If the Interest Rate

question 49

Multiple Choice

Which of the following is correct if the interest rate is 6 percent?

• A)$215 a year from today has a present value of over $200, $420 a year from now has a present value over $400
• B)$215 a year from today has a present value of over $200, $420 a year from now has a present value under $400
• C)$215 a year from today has a present value of under $200, $420 a year from now has a present value over $400
• D)$215 a year from today has a present value of under $200, $420 a year from now has a present value under $400

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Definitions:

Managerial Responsibility

The duty and accountability held by managers to make decisions, oversee operations, and ensure the strategic objectives of the organization are met.

Controllable Costs

Expenses that can be directly controlled or influenced by a manager or decision-maker within a certain time frame.

Budgetary Control

A management tool used for monitoring and controlling costs by comparing actual performance with budgeted expectations, facilitating corrective actions.

Controlling Operations

This refers to the process of monitoring, managing, and adjusting a company's or organization's operations to meet set goals and objectives.