Fill in the blank with the appropriate answer.

___When created the COGM statement, how is total manufacturing cost incurred computed?

___The inventory formula used in the production budget goes like this: Sales in units + __________ minus _________= units to produce.

___The present value of a lump sum of $1 to be received in 2 years discounted at 4% is?

___Name two capital budgeting methods that rely on the time value of money (in other words, present value is calculated).

___At Bobs Big Burgers, the cook, Danny, is paid at the rate of $15 per hour. Would this be a variable cost, a fixed cost, or a mixed cost?

___What is the criterion (or the event) for Finished Goods to move on to Cost of Goods Sold?

___John pays $4198.10 to receive one cash flow in 3 years of $5,000. What is Johns internal rate of return?

___If Penny has fixed costs of $30,000 and her CM ratio is .4, what is Pennys breakeven point in revenue?

___Sally pays $14,125.50 to receive a $2500 annuity for 10 years. What is Sallys internal rate of return?