. When considering the time value of money, use compounding to find the __________ value of money now held.

A) future

B) discounted

C) historical

D) present




 Depreciation is a unique expense because it

A) does not affect income taxes.

B) is the same amount every accounting period.

C) has to be calculated.

D) does not require a cash outlay.





 Sunk costs are omitted from decision analysis

A) sometimes.

B) only if immaterial.

C) never.

D) always.


 Which of the following techniques is most useful for a special order decision?

A) Present value method

B) Accounting rate-of-return method

C) Incremental analysis

D) Payback method