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Assuming an interest rate of 8%, if you invest a lump sum of $3,000 now, the balance of your investment in 9 years will be
Assuming an interest rate of 8%, if you invest a lump sum of $3,000 now, the balance of your investment in 9 years will be closest to: (Click the icon to view the future value of $1 table.) (Click the icon to view the future value of annuity of $1 table.) O A. $5,997. O B. $18,741. OC. $1,500. OD. $27,000. Hushovd Iron Works has collected the following data for its Thunderbolt line of products: Direct materials standard Direct materials standard cost Actual Direct Materials Used (AQU) Actual finished goods purchased 13 pounds per unit $0.77 per pound 60,000 pounds 4,700 units What is the direct materials quantity variance? O A. $12,953 unfavorable OB. $847 favorable OC. $12,953 favorable OD. $847 unfavorable You win the lottery and must decide how to take the payout. Use a 6% discount rate. What is the present value of $17,000 a year received at the end of each of the next eight years? (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) O A. $72,471 OB. $136,000 OC. $105,570 OD. $10,659
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