Use the correct number to designate each item below:
1) direct materials
2) selling and administrative expense
3) factory overhead
4) direct labor
Definitions:
Cash Flows
The aggregate of all monetary exchanges into and out of a business endeavor, directly affecting its operational cash levels.
Discount Rate
The interest rate used in discounted cash flow forecasts to decipher the present value of prospective cash flows.
Present Value
Today’s fiscal equivalent of money anticipated in the future or sequences of cash inflows, discounted using a specified rate of return.
Today's Dollars
Refers to the value of money in terms of the purchasing power of the current year, accounting for inflation.
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