One goal of currency restriction is to preserve hard currencies to pay for imports and to finance trade deficits

$100 is received at the beginning of year 1, $200 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year three is: (Round to the nearest whole dollar)

A) $672 B) $536 C) $427 D) $364 E) $489

If the sale referred to above was a downstream sale, the total sales revenue reported in the consolidated income statement for 2014 would be

A) $870,000. B) $880,000. C) $920,000. D) $970,000.