11. ___Barney invests $1,000 today. What is the future value of this investment at the end of 5 years if the money is invested at 8%?

12. ___Klingon is considering an investment which costs $13,337. The investment is for 8 years and generates cash flows of $2500 per year. The internal rate of return for this investment would be about?

13. ___Donna sets a price of $10 per unit on her product. The variable cost per unit is $8. What is the contribution margin ratio?

14. ___When goods get finished, the Finished Goods account is debited, but which account gets credited? 15. ___Johnson Company has fixed costs of $1,000,000. The contribution margin per unit is $4.00 and the contribution margin ratio is .40. The breakeven point in units would be?

16. ___William Company used too many direct labor hours in producing its product. Which variance would be unfavorable?

17. ___Name an appropriate cost driver that could be used as the denominator in the POR calculation.

18. ___Johnson Company invests $20,000 in a machine that will save $4,000 per year. The payback period would be?

19. ___Suppose that cash flows for years 1,2, and 3 are: $1,000, $2,000, and $3,000. What is the present value of this series of cash flows discounted at 12%?

20. ___How is the contribution margin ratio calculated?