Listed below are three accounting questions I am strugling with

The payback period:

a.	Is the length of time necessary to recover the entire cost of an investment from its resulting annual net cash flow.
b.	Is the length of time necessary to recover the entire cost of an investment from its resulting annual net income.
c.	Takes into consideration the profitability of an investment over its entire life, but ignores the timing of its future cash flows.
d.	Takes into consideration both the profitability of an investment over its entire life and the timing of its future cash flows.

The present value of money is always:

a.

Less than its future amount.

b.

The same as its future amount.

c.

More than its future amount.

d. More or less than its future amount depending upon the discount rate.

Which method of project selection gives consideration to the time value of money in a capital budgeting decision?

a.	Payback method.
b.	Average rate of return.
c.	Discounted cash flows method.
d.	Accounting rate of return.