#9	The following information relates to Ajax Widgets during the year. There was no beginning inventory.
		Units produced	11,000
		Units sold	10,000
		Units in ending inventory	1,000
		Fixed manufacturing overhead	$220,000
		How much fixed manufacturing overhead will be expensed during the year (included in Cost of Goods Sold) using full costing?
	A.	$220,000
	B.	$200,000
	C.	$20,000
	D.	$10,000
	#10	If the required rate of return is greater than the internal rate of return of a potential investment, the company should judge the investment as acceptable.
	A.	This is a True statement
	B.	This is a False statement
	C.	Not enough information provided.
	#11	The basic concept involved in time value of money calculations is that
	A.	it is better to receive a dollar in the future than to receive a dollar today
	B.	incremental revenues must exceed incremental costs.
	C.	it is better to receive a dollar today than to receive a dollar in the future.
	D.	it can only be applied to positive cash flows