The following format represents the flow of costs for all three manufacturing inventory accounts
Beginning balance + Additions - Ending balance = Amount used, manufactured, or sold
Indicate whether the statement is true or false
TRUE
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Congratulations! You have just won the lottery! However, the lottery bureau has just informed you that you can take your winnings in one of two ways. Choice X pays $1,000,000. Choice Y pays $1,750,000 at the end of five years from now
Using a discount rate of 5 percent, based on present values, which would you choose? Using the same discount rate of 5 percent, based on future values, which would you choose? What do your results suggest as a general rule for approaching such problems? (Make your choices based purely on the time value of money.)
Your employer gives you a stock bonus of $1,000 in your company at the end of each year. You
plan to retire in 20 years. The stock has a growth rate of 15 percent per annum. What will the value of your stock be in 20 years? A) $86,421.00 B) $117,810.10 C) $72,035.10 D) $102,443.60 E) Cannot determine with the information provided.