13. Capital budgeting decisions depend in part on all of the following except the relationships among proposed projects. a. b. profitability of the company company's basic decision making approach. c. d. risks associated with a particular project 14. A project has an annual rate of return of 15%. The project cost $120,000, has a 5-year useful life, and no salvage value. Straight-line depreciation is used. The annual net income, exclusive of depreciation, was a. $42,000 b. $33,000. c. $47,700 d: $18,000. Which of the following ignores the time value of money? a. Internal rate of return b. Profitability index c. Net present value d. Cash payback 15. The formula for the materials quantity variance is a. (SQ x AP)- (SQ x SP). b. (AQ x AP) - (AQx SP). c. (AQ x SP) - (SQ x SP). d. (AQ x AP) - (SQ x SP). 16. A company purchases 20,000 pounds of materials. The materials price variance is $4,00 favorable. What is the difference between the standard and actual price paid for th materials? 17. a. $1.00 b. $0.20 C. $5.00 d. Cannot be determined from the data provided. I thch of the following is not a capital budgeting decision