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48. The time value of money concept: A. Means that a dollar today is worth less than a dollar tomorrow B. Means that a dollar

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48. The time value of money concept: A. Means that a dollar today is worth less than a dollar tomorrow B. Means that a dollar tomorrow is worth more than a dollar today. C. Means that a dollar today is worth more than a dollar tomorrow. D. Means that Time is money. E. Does not involve the concept of compound interest 49. The internal rate of return method is not subject to the limitations of the net present value method when comparing projects with different amounts invested because: A. The internal rate of return is expressed as a percent rather than the absolute dollar value of B. The internal rate of return is expressed as an absolute dollar value rather than the percent of net C. The internal rate of return reflects the time value of money rather than the absolute dollar value D. The internal rate of return is expressed as an absolute dollar value rather than the time value of E. The internal rate of return is expressed as a percent rather than the accrual income method used present value. present value. of present value. money used in net present value. in net present value. 50. Regarding overhead costs, as volume increases: A. Total fixed cost increases, total variable cost remains constant. B. Total fixed cost remains constant, total variable cost increases. C. Total variable cost decreases, total fixed cost remains constant. D. Both total fixed cost and total variable cost increase. E. Both total fixed cost and total variable cost remain constant

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