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15) As a manager responsible for an operating budget, you will usually be expected to compare...

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Finance

15) As a manager responsible for an operating budget, you willusually be expected to compare your department's actual expenses toyour budgeted expenses as well as to its performance in priorperiods.
True
False

My nephew has promised to repay a loan by making $1,200.00payments in April of each of the next 5 years. Using the PresentValue Table found in Appendix 13-A on page 141, and assuming aninterest rate of 5%, what is the value of these payments? ( Thisquestion is worth 15 points)

a.
$3,917.04
b.
$4,329.40
c.
$5,195.28
d.
I have no idea, but for some unknown reason I am not willingto guess
e.
None of the above answers are correct

Answer & Explanation Solved by verified expert
3.9 Ratings (531 Votes)
Answer 1 True Explanation As a manager responsible for an operating budget you are expected to comply with budget and improve performance For this manager is required to monitor variances Actual vs Budget    See Answer
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15) As a manager responsible for an operating budget, you willusually be expected to compare your department's actual expenses toyour budgeted expenses as well as to its performance in priorperiods.TrueFalseMy nephew has promised to repay a loan by making $1,200.00payments in April of each of the next 5 years. Using the PresentValue Table found in Appendix 13-A on page 141, and assuming aninterest rate of 5%, what is the value of these payments? ( Thisquestion is worth 15 points)a.$3,917.04b.$4,329.40c.$5,195.28d.I have no idea, but for some unknown reason I am not willingto guesse.None of the above answers are correct

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