Figure 14-9 as Part of Its Environmental Cost Reporting System

question 82

Multiple Choice

Figure 14-9 As part of its environmental cost reporting system, Jesse Company tracks its total environmental costs.Consider the cost and sales data given:

- Refer to Figure 14-9.What is the environmental costs as a percentage of sales for 2014?

• A) 14.29%
• B) 1428.57%
• C) 72.73%
• D) 7%

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, often used in the time value of money calculations.

Compounded Annually

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a loan or deposit.

Inheritance

Wealth or attributes passed on to heirs upon the death of an individual.

Lump Sum

A lump sum is a single payment of money, as opposed to a series of payments made over time.