1.

Because of the time value of money, a company would prefer to receive a payment due to them:

Select one:

A. As early as possible

B. As late as possible

C. It does not make a difference when the payment is received

D. It depends on the discount rate

E. None of the above

2.

Which of the following items are impacted by taxes when considering Net Present Value?

Select one:

A. Cash receipts from future sales

B. Depreciation expense

C. Cash outlays for future expenses

D. Cash receipts for disposal of fully-depreciated assets

E. All of the above

3.

Which of the following items are impacted by taxes when considering Net Present Value?

Select one:

A. Cash receipts from future sales

B. Depreciation expense

C. Cash outlays for future expenses

D. Cash receipts for disposal of fully-depreciated assets

E. All of the above