Ivan, an industrial engineering student, is working on a homework problem for engineering economy. he needs to calculate the pw at 12 % of a cash flow series with $1,000 at t = 3, $1,500 at t = 4, and $2,000 at t = 5.

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii