The Present Value of $100 to Be Received One Year

question 26

Multiple Choice

The present value of $100 to be received one year from now,with an annual interest rate of 6%,is

• A)$94.00.
• B)$94.34.
• C)$95.27.
• D)$102.13.
• E)$106.00.

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Definitions:

Standard Cost Variances

The differences between the actual costs incurred and the standard costs set for producing a good or service.

Cost Of Goods Sold

The total cost directly associated with producing goods that have been sold, including materials, labor, and manufacturing overhead.

Materials Price Variance

The difference between the actual cost of materials and the expected (standard) cost, often used to assess purchasing performance.

Labor Rate Variance

The variance between the real labor expenses incurred and the anticipated standard labor costs for the achieved production output.